Montgomery Institute

Analysis

Montgomery Institute is a registered charity in United States, based in Meridian, MS. It received its IRS tax-exemption ruling in May 2001, 25 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 August 2023, Montgomery Institute reported income of $272k and spending of $259k, spending 95% of its income. Across the 5 years on record, from August 2019 to August 2023, income fell from $397k to $272k (-32%), an average of -9.0% a year. The sharpest change came in the year to August 2021, when income rose by 174%. Over the whole period it spent 94% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Montgomery Institute sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 62nd percentile within MS. Charities of a similar size with the same main cause include Colleyville Womans Club ($271k), South Charleston Convention & Visitors Bureau Inc ($272k) and Leland Chamber of Commerce-Leland Main Street Association ($271k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 74% of the total. Other salaries and wages came to $186k. At year end it held assets of $2.0m against liabilities of $21k, net assets of $2.0m. It reported 3 employees.