Billings Community Foundation

Analysis

Billings Community Foundation is a registered charity in United States, based in Billings, MT. It received its IRS tax-exemption ruling in January 2007, 19 years ago. 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, Billings Community Foundation reported income of $2.1m and spending of $1.0m, leaving 52% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $485k to $2.1m (+341%), an average of +45% a year. The sharpest change came in the year to September 2020, when income rose by 157%. Over the whole period it spent 54% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Billings Community Foundation sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 88th percentile within MT. Charities of a similar size with the same main cause include Community Pathways of Steele County Inc ($2.1m), Vannie E Cook Jr Cancer Foundation Inc ($2.1m) and Professional Child Care Association of Southwestern Indiana ($2.1m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 86% and program service revenue 1.0% of the total. Compensation of current officers, directors and key employees was $49k (4.7% of expenses). Other salaries and wages came to $8,930. At year end it held assets of $9.2m against liabilities of $803k, net assets of $8.4m. It reported 2 employees.