Renee Montgomery Foundation Inc

Analysis

Renee Montgomery Foundation Inc is a registered charity in United States, based in Atlanta, GA. It received its IRS tax-exemption ruling in January 2019, 7 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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, Renee Montgomery Foundation Inc reported income of $65k and spending of $50k, leaving 23% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $26k to $65k (+155%), an average of +60% a year. The sharpest change came in the year to December 2022, when income rose by 233%. Over the whole period it spent 90% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Renee Montgomery Foundation Inc sits at the 29th percentile: it is larger than about 29% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 27th percentile within GA. Charities of a similar size with the same main cause include Village Nation ($65k), Agape Life Community Development Corporation ($65k) and Random Acts of Kindness Society ($65k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $34k against liabilities of $0, net assets of $34k.