North Central Montana Economic Development District Inc

Analysis

North Central Montana Economic Development District Inc is a registered charity in United States, based in Cut Bank, MT. It received its IRS tax-exemption ruling in July 2004, 22 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 December 2023, North Central Montana Economic Development District Inc reported income of $480k and spending of $333k, leaving 31% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $217k to $480k (+121%), an average of +22% a year. The sharpest change came in the year to December 2021, when income rose by 184%. Over the whole period it spent 105% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, North Central Montana Economic Development District Inc 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 70th percentile, and in the 70th percentile within MT. Charities of a similar size with the same main cause include Unifour One ($480k), Enrich and Employ Inc ($480k) and Westown Community Development Corporation ($480k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 89% and program service revenue 5.8% of the total. Compensation of current officers, directors and key employees was $80k (24% of expenses). Other salaries and wages came to $21k. At year end it held assets of $749k against liabilities of $522, net assets of $748k.