Montrose Broadcasting Corporation

Analysis

Montrose Broadcasting Corporation is a registered charity in United States, based in Montrose, PA. It received its IRS tax-exemption ruling in November 1967, 59 years ago. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Montrose Broadcasting Corporation reported income of $1.1m and spending of $1.2m, spending 113% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $908k to $1.1m (+20%), an average of +4.6% a year. The sharpest change came in the year to December 2020, when income rose by 24%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Montrose Broadcasting Corporation sits at the 79th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 78th percentile within PA. Charities of a similar size with the same main cause include Coast Guard Auxiliary Association Inc ($1.1m), Williamson County Soccer Association ($1.1m) and The Mediation Center of the Pacific Inc ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 76% and program service revenue 22% of the total. Compensation of current officers, directors and key employees was $79k (6.4% of expenses). Other salaries and wages came to $477k. At year end it held assets of $2.7m against liabilities of $543k, net assets of $2.2m. It reported 18 employees.