Snowy Mountain Development Corporation

Analysis

Snowy Mountain Development Corporation is a registered charity in United States, based in Lewistown, MT. It received its IRS tax-exemption ruling in April 2002, 24 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 2023, Snowy Mountain Development Corporation reported income of $973k and spending of $1.2m, spending 120% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income fell from $1.5m to $973k (-35%), an average of -13% a year. The sharpest change came in the year to June 2022, when income dropped by 27%. Over the whole period it spent 85% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Snowy Mountain Development Corporation sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 80th percentile within MT. Charities of a similar size with the same main cause include Assets Lancaster ($973k), Crossett Economic Development Foundation ($973k) and Ho-Chunk Development Corp ($973k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 83% and program service revenue 16% of the total. Other salaries and wages came to $396k. At year end it held assets of $3.6m against liabilities of $694k, net assets of $2.9m. It reported 8 employees.