Gallatin Foundation Incorporated

Analysis

Gallatin Foundation Incorporated is a registered charity in United States, based in Bozeman, MT. It received its IRS tax-exemption ruling in September 1993, 33 years ago. 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, Gallatin Foundation Incorporated reported income of $822k and spending of $691k, spending 84% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $363k to $822k (+127%), an average of +23% a year. The sharpest change came in the year to December 2023, when income rose by 418%. Over the whole period it spent 108% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Gallatin Foundation Incorporated sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 79th percentile within MT. Charities of a similar size with the same main cause include St Petersburg Historical Society ($822k), Boys & Girls Club of Montgomery County ($823k) and FWCS Foundation Inc ($822k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $553k against liabilities of $423k, net assets of $130k.