Montgomery County Veterans Memorial Commission

Analysis

Montgomery County Veterans Memorial Commission is a registered charity in United States, based in Conroe, TX. It received its IRS tax-exemption ruling in April 2018, 8 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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, Montgomery County Veterans Memorial Commission reported income of $8.1m and spending of $510k, leaving 94% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $212k to $8.1m (+3735%), an average of +149% a year. The sharpest change came in the year to December 2023, when income rose by 2082%. Over the whole period it spent 14% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Montgomery County Veterans Memorial Commission 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 96th percentile within TX. Charities of a similar size with the same main cause include Arden Shore Child and Family Service ($8.1m), Civicwell ($8.1m) and New River Community Action Inc ($8.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. Other salaries and wages came to $116k. At year end it held assets of $8.9m against liabilities of $2,536, net assets of $8.9m. It reported 3 employees.