Montana Health Research and Education Foundation Inc

Analysis

Montana Health Research and Education Foundation Inc is a registered charity in United States, based in Helena, MT. It received its IRS tax-exemption ruling in November 1973, 53 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Montana Health Research and Education Foundation Inc reported income of $3.1m and spending of $3.1m, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $3.4m to $3.1m (-7.9%), an average of -2.0% a year. The sharpest change came in the year to December 2021, when income rose by 49%. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Montana Health Research and Education Foundation Inc sits at the 89th percentile: it is larger than about 88% 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 YWCA of Hawaii Island ($3.1m), Neighborhood Cooperative Ministries Inc ($3.1m) and Center for Independent Living ($3.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% and program service revenue 1.7% of the total. Compensation of current officers, directors and key employees was $221k (7.2% of expenses). Other salaries and wages came to $789k. At year end it held assets of $2.0m against liabilities of $686k, net assets of $1.3m.