Montage Living

Analysis

Montage Living is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in May 2018, 8 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Montage Living reported income of $32.3m and spending of $45.2m, spending 140% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $15.1m to $32.3m (+113%), an average of +21% a year. The sharpest change came in the year to December 2020, when income rose by 67%. Over the whole period it spent 142% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Montage Living sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 99th percentile within NC. Charities of a similar size with the same main cause include Home Headquarters Inc ($32.1m), Dignitymoves ($32.3m) and Colorado Affordable Catholic Housing Corp ($32.0m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 99% of the total. Other salaries and wages came to $12.8m. At year end it held assets of $119.4m against liabilities of $172.4m, net assets of -$53.0m. It reported 892 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.