Tusk Montgomery Charitable Foundation Inc

Analysis

Tusk Montgomery Charitable Foundation Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in November 2014, 12 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, Tusk Montgomery Charitable Foundation Inc reported income of $399k and spending of $574k, spending 144% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $807k to $399k (-51%), an average of -51% a year. The sharpest change came in the year to December 2023, when income dropped by 51%. Over the whole period it spent 100% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Tusk Montgomery Charitable Foundation Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 63rd percentile within NY. Charities of a similar size with the same main cause include White County Medical Foundation ($399k), Retired Senior Volunteer Program of Enid & N Central Oklahoma Inc ($399k) and Philanthropy Tank Inc ($399k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $340k. At year end it held assets of $2,150 against liabilities of $0, net assets of $2,150. It reported 5 employees.