Nonprofit Montgomery Inc

Analysis

Nonprofit Montgomery Inc is a registered charity in United States, based in Rockville, MD. It received its IRS tax-exemption ruling in August 2018, 8 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, Nonprofit Montgomery Inc reported income of $695k and spending of $763k, spending 110% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $325k to $695k (+114%), an average of +21% a year. The sharpest change came in the year to June 2020, when income rose by 130%. Over the whole period it spent 95% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Nonprofit Montgomery Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 74th percentile within MD. Charities of a similar size with the same main cause include Modesto a Gomez Inc ($695k), Suma ($695k) and Value Added Inc ($695k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 40% and program service revenue 59% of the total. Compensation of current officers, directors and key employees was $105k (14% of expenses). Other salaries and wages came to $226k. At year end it held assets of $226k against liabilities of $61k, net assets of $165k. It reported 9 employees.