Rocky Mountain Development Council Inc

Analysis

Rocky Mountain Development Council Inc is a registered charity in United States, based in Helena, MT. It received its IRS tax-exemption ruling in April 1966, 60 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 June 2023, Rocky Mountain Development Council Inc reported income of $10.8m and spending of $10.4m, spending 96% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $8.8m to $10.8m (+24%), an average of +5.5% a year. The sharpest change came in the year to June 2020, when income rose by 28%. Over the whole period it spent 86% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Rocky Mountain Development Council Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 97th percentile within MT. Charities of a similar size with the same main cause include Downtown Cleveland Alliance ($10.8m), Southeastern Minnesota Private Industry Council Inc ($10.9m) and Arizona Pipe Trades Joint Apprenticeship Trust ($10.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 84% and program service revenue 13% of the total. Compensation of current officers, directors and key employees was $117k (1.1% of expenses). Other salaries and wages came to $4.4m. At year end it held assets of $21.1m against liabilities of $1.8m, net assets of $19.3m. It reported 157 employees.