Gallatin Valley Foundation for Economic Development Inc

Analysis

Gallatin Valley Foundation for Economic Development Inc is a registered charity in United States, based in Bozeman, MT. It received its IRS tax-exemption ruling in February 2007, 19 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 December 2023, Gallatin Valley Foundation for Economic Development Inc reported income of $96k and spending of $87k, spending 91% of its income. Across the 3 years on record, from December 2021 to December 2023, income fell from $380k to $96k (-75%), an average of -50% a year. The sharpest change came in the year to December 2022, when income dropped by 53%. Over the whole period it spent 59% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Gallatin Valley Foundation for Economic Development Inc sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 33rd percentile within MT. Charities of a similar size with the same main cause include World Tang Soo Do Foundation ($96k), Watertown Main Street Program Inc ($96k) and Association for Union Democracy Inc ($96k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 52% of the total. At year end it held assets of $423k against liabilities of $361, net assets of $422k.