Laurel Montana Community Foundation Incorporated

Analysis

Laurel Montana Community Foundation Incorporated is a registered charity in United States, based in Laurel, MT. It received its IRS tax-exemption ruling in June 2015, 11 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Laurel Montana Community Foundation Incorporated reported income of $175k and spending of $70k, leaving 60% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $214k to $175k (-18%), an average of -18% a year. The sharpest change came in the year to December 2023, when income dropped by 18%. Over the whole period it spent 80% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Laurel Montana Community Foundation Incorporated sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 49th percentile within MT. Charities of a similar size with the same main cause include Community Alliance for Jewish-Affiliated Cemeteries Inc ($175k), Union de Vecinos de Pico Aliso ($175k) and Advance Delaware Opportunities Objectives Inc ($175k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 6.9% and program service revenue 104% of the total. At year end it held assets of $843k against liabilities of $205k, net assets of $638k.