Montana Rural Water Systems Inc

Analysis

Montana Rural Water Systems Inc is a registered charity in United States, based in Great Falls, MT. It received its IRS tax-exemption ruling in January 1994, 32 years ago. 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 December 2023, Montana Rural Water Systems Inc reported income of $1.7m and spending of $1.7m, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.3m to $1.7m (+37%), an average of +8.3% a year. The sharpest change came in the year to December 2021, when income rose by 24%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Montana Rural Water Systems Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 87th percentile within MT. Charities of a similar size with the same main cause include Urban Strategies-Brookdale Family Care Center Inc ($1.7m), American Druze Society ($1.7m) and Plano Community Home Incorporated ($1.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 82% and program service revenue 16% of the total. Compensation of current officers, directors and key employees was $107k (6.4% of expenses). Other salaries and wages came to $651k. At year end it held assets of $1.5m against liabilities of $304k, net assets of $1.2m. It reported 16 employees.