Gina Rose Montalto Memorial Foundation Inc

Analysis

Gina Rose Montalto Memorial Foundation Inc is a registered charity in United States, based in Coral Springs, FL. It received its IRS tax-exemption ruling in October 2018, 8 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Gina Rose Montalto Memorial Foundation Inc reported income of $159k and spending of $135k, spending 85% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $103k to $159k (+54%), an average of +12% a year. The sharpest change came in the year to December 2020, when income rose by 59%. Over the whole period it spent 39% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Gina Rose Montalto Memorial Foundation Inc sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 52nd percentile within FL. Charities of a similar size with the same main cause include Guru Angad Institute of Sikh Studies ($159k), Stanton Friends ($159k) and Franklin Elementary School Parent Teacher Club Inc ($159k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 64% of the total. At year end it held assets of $1.2m against liabilities of $0, net assets of $1.2m.