Montrose Foundation Inc

Analysis

Montrose Foundation Inc is a registered charity in United States, based in Medfield, MA. It received its IRS tax-exemption ruling in August 1979, 47 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Montrose Foundation Inc reported income of $9.2m and spending of $9.2m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $6.2m to $9.2m (+48%), an average of +10% a year. The sharpest change came in the year to June 2023, when income rose by 20%. Over the whole period it spent 102% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Montrose Foundation Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 94th percentile within MA. Charities of a similar size with the same main cause include The Watson Institute Friendship Academy ($9.2m), The Gillispie School ($9.2m) and Larc School Inc ($9.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 13% and program service revenue 87% of the total. Other salaries and wages came to $3.8m. At year end it held assets of $18.0m against liabilities of $4.9m, net assets of $13.0m. It reported 124 employees.