Montana State University-Northern Foundation

Analysis

Montana State University-Northern Foundation is a registered charity in United States, based in Havre, MT. It received its IRS tax-exemption ruling in January 1982, 44 years ago. 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 State University-Northern Foundation reported income of $3.1m and spending of $1.7m, leaving 46% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income fell from $3.2m to $3.1m (-2.9%), an average of -1.0% a year. The sharpest change came in the year to June 2021, when income rose by 59%. Over the whole period it spent 65% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Montana State University-Northern Foundation sits at the 89th percentile: it is larger than about 89% 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 Sacred Heart Community Corporation ($3.1m), O D a Community Development Corp ($3.1m) and Rebuilding Together Philadelphia ($3.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 55% of the total. Compensation of current officers, directors and key employees was $158k (9.4% of expenses). Other salaries and wages came to $79k. At year end it held assets of $16.5m against liabilities of $1.4m, net assets of $15.1m. It reported 5 employees.