Great FLS Development Authority Inc

Analysis

Great FLS Development Authority Inc is a registered charity in United States, based in Great Falls, MT. It received its IRS tax-exemption ruling in June 1992, 34 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 2024, Great FLS Development Authority Inc reported income of $9.9m and spending of $4.3m, leaving 57% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $3.1m to $9.9m (+224%), an average of +34% a year. The sharpest change came in the year to June 2021, when income rose by 116%. Over the whole period it spent 57% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Great FLS Development Authority Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within MT. Charities of a similar size with the same main cause include Carteret Business Partnership Inc ($9.9m), Cleveland Development Advisors Community Reinvestment Fund Inc ($9.9m) and Community Coalition for Substance Abuse Prevention & Treatment ($9.9m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 20% and program service revenue 77% of the total. Compensation of current officers, directors and key employees was $243k (5.6% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $32.8m against liabilities of $10.2m, net assets of $22.6m. It reported 22 employees.