Montrose County Housing Authority

Analysis

Montrose County Housing Authority is a registered charity in United States, based in Olathe, CO. It received its IRS tax-exemption ruling in February 1999, 27 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, Montrose County Housing Authority reported income of $2.2m and spending of $2.1m, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.8m to $2.2m (+19%), an average of +4.5% a year. Over the whole period it spent 97% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Montrose County Housing Authority sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 87th percentile within CO. Charities of a similar size with the same main cause include Jefferson Center Inc ($2.2m), Rebuilding Together Metro Chicago ($2.2m) and Homeaid Hawaii ($2.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 79% and program service revenue 19% of the total. Other salaries and wages came to $326k. At year end it held assets of $4.7m against liabilities of $134k, net assets of $4.6m. It reported 8 employees.