Southeastern Montana Development Corporation

Analysis

Southeastern Montana Development Corporation is a registered charity in United States, based in Colstrip, MT. It received its IRS tax-exemption ruling in January 1994, 32 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 December 2023, Southeastern Montana Development Corporation reported income of $2.1m and spending of $1.2m, leaving 40% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $292k to $2.1m (+606%), an average of +63% a year. The sharpest change came in the year to December 2023, when income rose by 177%. Over the whole period it spent 65% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Southeastern Montana Development Corporation sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 88th percentile within MT. Charities of a similar size with the same main cause include Painters Apprenticeship and Journeymen Training Fund ($2.1m), Cis of Greater King County ($2.1m) and DBL Equity Partners ($2.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% and program service revenue 2.5% of the total. Compensation of current officers, directors and key employees was $80k (6.4% of expenses). Other salaries and wages came to $158k. At year end it held assets of $2.8m against liabilities of $346k, net assets of $2.5m. It reported 6 employees.