Montana Credit Unions for Community Development

Analysis

Montana Credit Unions for Community Development is a registered charity in United States, based in Helena, MT. It received its IRS tax-exemption ruling in July 2006, 20 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Montana Credit Unions for Community Development reported income of $174k and spending of $185k, spending 106% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $179k to $174k (-2.4%), an average of -0.6% a year. The sharpest change came in the year to December 2022, when income rose by 28%. Over the whole period it spent 144% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Montana Credit Unions for Community Development sits at the 45th percentile: it is larger than about 45% 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 North Side Community Services ($174k), Black Achievers Inc ($174k) and Toppenish Rodeo & Livestock Assn ($174k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 67% of the total. Other salaries and wages came to $68k. At year end it held assets of $411k against liabilities of $13k, net assets of $398k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.