Red Lodge Area Community Foundation

Analysis

Red Lodge Area Community Foundation is a registered charity in United States, based in Red Lodge, MT. It received its IRS tax-exemption ruling in June 2006, 20 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Red Lodge Area Community Foundation reported income of $3.0m and spending of $3.5m, spending 116% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.2m to $3.0m (+144%), an average of +25% a year. The sharpest change came in the year to December 2022, when income rose by 113%. Over the whole period it spent 98% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Red Lodge Area Community Foundation sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 90th percentile within MT. Charities of a similar size with the same main cause include Pauline McFarlin Walter Memorial Trust 10910 ($3.0m), Pocono Mountains United Way ($3.0m) and United Way of Essex and West Hudson ($3.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 90% and program service revenue 4.2% of the total. Compensation of current officers, directors and key employees was $104k (2.9% of expenses). Other salaries and wages came to $796k. At year end it held assets of $2.4m against liabilities of $427k, net assets of $1.9m. It reported 36 employees.