Gallatin Ice Foundation Inc

Analysis

Gallatin Ice Foundation Inc is a registered charity in United States, based in Bozeman, MT. It received its IRS tax-exemption ruling in October 2007, 19 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 June 2023, Gallatin Ice Foundation Inc reported income of $2.8m and spending of $2.8m, spending 100% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $1.6m to $2.8m (+79%), an average of +21% a year. The sharpest change came in the year to June 2022, when income rose by 48%. Over the whole period it spent 85% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Gallatin Ice Foundation Inc 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 United Way of Southern Kentucky Inc ($2.8m), Friends of Holy Etchmiadzin Inc ($2.8m) and Greensboro Jewish Federation ($2.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 22% and program service revenue 69% of the total. Compensation of current officers, directors and key employees was $104k (3.7% of expenses). Other salaries and wages came to $622k. It paid $91k in professional fundraising fees. At year end it held assets of $6.8m against liabilities of $2.4m, net assets of $4.4m. It reported 36 employees.