Montgomery Education Foundation

Analysis

Montgomery Education Foundation is a registered charity in United States, based in Montgomery, AL. It received its IRS tax-exemption ruling in July 2014, 12 years ago. Its declared purposes cover education, which this site groups under education and training. 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 September 2023, Montgomery Education Foundation reported income of $1.8m and spending of $1.5m, spending 84% of its income. Across the 5 years on record, from December 2019 to September 2023, income grew from $1.2m to $1.8m (+46%), an average of +10% a year. The sharpest change came in the year to September 2023, when income rose by 161%. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Montgomery Education Foundation 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 85th percentile, and in the 88th percentile within AL. Charities of a similar size with the same main cause include Spectrum Building Company ($1.8m), City Arts and Lectures Inc ($1.8m) and Mira Education ($1.8m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $84k (5.6% of expenses). Other salaries and wages came to $803k. At year end it held assets of $473k against liabilities of $116k, net assets of $358k. It reported 21 employees.