Accelerate Montana

Analysis

Accelerate Montana is a registered charity in United States, based in Missoula, MT. It received its IRS tax-exemption ruling in September 2001, 25 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 June 2023, Accelerate Montana reported income of $4.7m and spending of $4.5m, spending 96% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $860k to $4.7m (+441%), an average of +52% a year. The sharpest change came in the year to June 2022, when income rose by 116%. Over the whole period it spent 98% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Accelerate Montana sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 93rd percentile within MT. Charities of a similar size with the same main cause include Playa Vista Job Opportunities and Business Services ($4.7m), Community and Economic Development Associates ($4.7m) and Working Wardrobes for a New Start ($4.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 11% and program service revenue 89% of the total. Compensation of current officers, directors and key employees was $135k (3.0% of expenses). Other salaries and wages came to $1.4m. At year end it held assets of $7.2m against liabilities of $1.8m, net assets of $5.4m. It reported 34 employees.