Billings Depot Inc

Analysis

Billings Depot Inc is a registered charity in United States, based in Billings, MT. It received its IRS tax-exemption ruling in July 1995, 31 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Billings Depot Inc reported income of $601k and spending of $682k, spending 113% of what it took in. Across the 4 years on record, from December 2019 to December 2023, income grew from $471k to $601k (+28%), an average of +8.4% a year. Over the whole period it spent 112% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Billings Depot Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 74th percentile within MT. Charities of a similar size with the same main cause include Alianza de Museos de Puerto Rico ($601k), Williamsport Symphony Orchestra ($601k) and Tech Frontier Dba Fab Lab El Paso ($601k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 16% and program service revenue 88% of the total. Compensation of current officers, directors and key employees was $115k (17% of expenses). Other salaries and wages came to $178k. At year end it held assets of $2.3m against liabilities of $700k, net assets of $1.6m. It reported 16 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.