Montana State University Billings Foundation & Alumni

Analysis

Montana State University Billings Foundation & Alumni is a registered charity in United States, based in Billings, MT. It received its IRS tax-exemption ruling in June 1968, 58 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Montana State University Billings Foundation & Alumni reported income of $3.1m and spending of $3.4m, spending 109% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $5.7m to $3.1m (-46%), an average of -14% a year. The sharpest change came in the year to June 2021, when income rose by 135%. Over the whole period it spent 73% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Montana State University Billings Foundation & Alumni 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 89th percentile, and in the 90th percentile within MT. Charities of a similar size with the same main cause include Christian Educators Inc ($3.1m), Star of the North Academy ($3.1m) and Arbor School of Arts and Sciences ($3.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 77% and program service revenue 5.5% of the total. Compensation of current officers, directors and key employees was $240k (7.1% of expenses). Other salaries and wages came to $373k. At year end it held assets of $40.8m against liabilities of $3.3m, net assets of $37.5m. It reported 14 employees.