Bruce Montgomery Foundation for the Arts

Analysis

Bruce Montgomery Foundation for the Arts is a registered charity in United States, based in Blue Bell, PA. It received its IRS tax-exemption ruling in January 2011, 15 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 December 2023, Bruce Montgomery Foundation for the Arts reported income of $56k and spending of $62k, spending 109% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $72k to $56k (-22%), an average of -22% a year. The sharpest change came in the year to December 2023, when income dropped by 22%. Over the whole period it spent 104% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Bruce Montgomery Foundation for the Arts sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 20th percentile within PA. Charities of a similar size with the same main cause include Coeur Group Inc ($56k), Calistoga Community Chest ($56k) and Lo Bello Womens Association ($56k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $47k against liabilities of $0, net assets of $47k.