Mountain Time Arts

Analysis

Mountain Time Arts is a registered charity in United States, based in Bozeman, MT. It received its IRS tax-exemption ruling in March 2018, 8 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, Mountain Time Arts reported income of $267k and spending of $467k, spending 175% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $539k to $267k (-51%), an average of -30% a year. The sharpest change came in the year to December 2023, when income dropped by 61%. Over the whole period it spent 107% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Mountain Time Arts sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 59th percentile within MT. Charities of a similar size with the same main cause include Wayword Inc ($267k), Somerset Access Television Inc ($267k) and Stevie Rays Theatre Company ($267k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $86k (18% of expenses). Other salaries and wages came to $61k. At year end it held assets of $13k against liabilities of $36k, net assets of -$23k. It reported 3 employees.