Montana Cooperative Development Center Inc

Analysis

Montana Cooperative Development Center Inc is a registered charity in United States, based in Great Falls, MT. It received its IRS tax-exemption ruling in September 2004, 22 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 September 2023, Montana Cooperative Development Center Inc reported income of $678k and spending of $731k, spending 108% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $473k to $678k (+43%), an average of +9.4% a year. The sharpest change came in the year to September 2022, when income rose by 36%. Over the whole period it spent 103% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Montana Cooperative Development Center Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 76th percentile within MT. Charities of a similar size with the same main cause include Wisconsin Real Estate Alumni ($678k), Create Campaign Inc ($678k) and Greater Cincinnati Microenterprise Initiative Incorporated ($677k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 91% and program service revenue 7.5% of the total. Compensation of current officers, directors and key employees was $80k (11% of expenses). Other salaries and wages came to $240k. At year end it held assets of $359k against liabilities of $242k, net assets of $118k. It reported 8 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.