Ultramontane Associates Inc

Analysis

Ultramontane Associates Inc is a registered charity in United States, based in South Bend, IN. It received its IRS tax-exemption ruling in April 1985, 41 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 March 2023, Ultramontane Associates Inc reported income of $428k and spending of $397k, spending 93% of its income. Across the 5 years on record, from March 2019 to March 2023, income grew from $233k to $428k (+83%), an average of +16% a year. The sharpest change came in the year to March 2020, when income rose by 216%. Over the whole period it spent 72% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Ultramontane Associates Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 68th percentile within IN. Charities of a similar size with the same main cause include Shiva-Shakti Center Inc ($428k), Nepali Cultural and Spiritual Center ($428k) and J H Ranch Mountain Resort ($428k).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 11% and program service revenue 89% of the total. Other salaries and wages came to $153k. At year end it held assets of $862k against liabilities of -$576, net assets of $862k. It reported 4 employees.