University of Montana Foundation

Analysis

University of Montana Foundation is a registered charity in United States, based in Missoula, MT. It received its IRS tax-exemption ruling in January 1953, 73 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, University of Montana Foundation reported income of $33.5m and spending of $35.2m, spending 105% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $40.1m to $33.5m (-17%), an average of -4.4% a year. The sharpest change came in the year to June 2021, when income rose by 68%. Over the whole period it spent 66% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, University of Montana Foundation sits at the 97th percentile: it is larger than about 97% 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 Altus Schools San Diego ($33.5m), The University of Rhode Island Foundation & Alumni Engagement ($33.5m) and Rutgers Preparatory School ($33.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 86% and program service revenue 2.4% of the total. Compensation of current officers, directors and key employees was $854k (2.4% of expenses). Other salaries and wages came to $4.1m. It paid $466k in professional fundraising fees. At year end it held assets of $377.6m against liabilities of $44.7m, net assets of $332.8m. It reported 70 employees.