Montana Technological University Foundation

Analysis

Montana Technological University Foundation is a registered charity in United States, based in Butte, MT. It received its IRS tax-exemption ruling in February 1969, 57 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a organisation supporting a government-owned college or university under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Montana Technological University Foundation reported income of $43.5m and spending of $12.3m, leaving 72% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $5.9m to $43.5m (+633%), an average of +64% a year. The sharpest change came in the year to June 2023, when income rose by 230%. Over the whole period it spent 47% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Montana Technological University Foundation sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 99th percentile within MT. Charities of a similar size with the same main cause include Thales Academy ($43.5m), Lakeland University Inc ($43.5m) and Passaic Arts and Science Charter School ($43.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $349k (2.8% of expenses). Other salaries and wages came to $388k. At year end it held assets of $100.4m against liabilities of $528k, net assets of $99.9m. It reported 9 employees.