Montana Community Foundation Inc

Analysis

Montana Community Foundation Inc is a registered charity in United States, based in Helena, MT. It received its IRS tax-exemption ruling in May 1988, 38 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 Community Foundation Inc reported income of $15.0m and spending of $12.3m, spending 82% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $12.5m to $15.0m (+20%), an average of +4.6% a year. The sharpest change came in the year to June 2020, when income rose by 98%. Over the whole period it spent 51% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Montana Community Foundation Inc 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 96th percentile, and in the 98th percentile within MT. Charities of a similar size with the same main cause include Rancho Santa Fe Foundation ($15.0m), Amg Charitable Gift Foundation ($15.0m) and Greater Houston Community Foundation ($15.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 64% and program service revenue 14% of the total. Compensation of current officers, directors and key employees was $512k (4.2% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $165.9m against liabilities of $21.6m, net assets of $144.3m. It reported 23 employees.