Montana Homeownership Network Inc

Analysis

Montana Homeownership Network Inc is a registered charity in United States, based in Great Falls, MT. It received its IRS tax-exemption ruling in April 2002, 24 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 September 2023, Montana Homeownership Network Inc reported income of $7.8m and spending of $4.4m, leaving 44% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $4.0m to $7.8m (+95%), an average of +18% a year. The sharpest change came in the year to September 2022, when income rose by 246%. Over the whole period it spent 52% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Montana Homeownership Network Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 95th percentile within MT. Charities of a similar size with the same main cause include Specialized Housing Incorporated ($7.7m), Eastview at Middlebury ($7.8m) and National Community Renaissance Development Corporation ($7.7m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 77% and program service revenue 21% of the total. Compensation of current officers, directors and key employees was $281k (6.4% of expenses). Other salaries and wages came to $895k. At year end it held assets of $44.1m against liabilities of $14.1m, net assets of $30.0m. It reported 27 employees.