Montgomery County Green Bank Corp

Analysis

Montgomery County Green Bank Corp is a registered charity in United States, based in Rockville, MD. It received its IRS tax-exemption ruling in June 2017, 9 years ago. Its declared purposes cover environment, which this site groups under environment and conservation. 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 2024, Montgomery County Green Bank Corp reported income of $20.8m and spending of $4.6m, leaving 78% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $1.3m to $20.8m (+1550%), an average of +102% a year. The sharpest change came in the year to June 2023, when income rose by 1980%. Over the whole period it spent 24% of the income it received.

Among 10,430 United States charities whose main cause is environment and conservation and that reported income, Montgomery County Green Bank Corp sits at the 99th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 96th percentile within MD. Charities of a similar size with the same main cause include Hermann Park Conservancy ($20.5m), Climate Policy Initiative Inc ($20.8m) and Land Trust Alliance Incorporated ($20.1m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 3.1% and program service revenue 1.5% of the total. Compensation of current officers, directors and key employees was $1.6m (34% of expenses). Other salaries and wages came to $217k. At year end it held assets of $57.5m against liabilities of $6.9m, net assets of $50.6m. It reported 16 employees.