Montgomery County Community Foundation

Analysis

Montgomery County Community Foundation is a registered charity in United States, based in The Woodlands, TX. It received its IRS tax-exemption ruling in March 1984, 42 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, Montgomery County Community Foundation reported income of $1.8m and spending of $526k, leaving 71% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $711k to $1.8m (+155%), an average of +26% a year. The sharpest change came in the year to December 2023, when income rose by 124%. Over the whole period it spent 42% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Montgomery County Community Foundation sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 88th percentile within TX. Charities of a similar size with the same main cause include Owasso Community Resources Inc ($1.8m), Renton Regional Community Foundation ($1.8m) and Chesterfield Public Education Foundation Inc ($1.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 90% of the total. Compensation of current officers, directors and key employees was $113k (21% of expenses). Other salaries and wages came to $19k. At year end it held assets of $11.4m against liabilities of $168k, net assets of $11.2m. It reported 2 employees.