Montanova Stables Foundation

Analysis

Montanova Stables Foundation is a registered charity in United States, based in Keswick, VA. It received its IRS tax-exemption ruling in September 2011, 15 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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 2022, Montanova Stables Foundation reported income of $404k and spending of $403k, spending 100% of its income. Across the 5 years on record, from December 2018 to December 2022, income grew from $231k to $404k (+75%), an average of +15% a year. The sharpest change came in the year to December 2019, when income rose by 45%. Over the whole period it spent 103% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Montanova Stables Foundation sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 66th percentile within VA. Charities of a similar size with the same main cause include Centro Cultural Mexicano ($403k), Youth Educational Services ($404k) and Boys and Girls Club of Hocak Nisoc Haci ($403k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 9.2% and program service revenue 83% of the total. Compensation of current officers, directors and key employees was $35k (8.7% of expenses). Other salaries and wages came to $87k. At year end it held assets of $109k against liabilities of $147k, net assets of -$38k. It reported 12 employees.