Montana Economic Developers Association

Analysis

Montana Economic Developers Association is a registered charity in United States, based in Butte, MT. It received its IRS tax-exemption ruling in June 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Montana Economic Developers Association reported income of $159k and spending of $135k, spending 85% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $175k to $159k (-9.4%), an average of -2.4% a year. The sharpest change came in the year to December 2021, when income dropped by 26%. Over the whole period it spent 90% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Montana Economic Developers Association sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 47th percentile within MT. Charities of a similar size with the same main cause include Clemson Community Foundation ($159k), Main Street Russellville ($159k) and Social Justice Center Inc ($159k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 46% and program service revenue 54% of the total. At year end it held assets of $167k against liabilities of $0, net assets of $167k.