Montrose Community Foundation

Analysis

Montrose Community Foundation is a registered charity in United States, based in Montrose, CO. It received its IRS tax-exemption ruling in March 1991, 35 years ago. 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 Community Foundation reported income of $1.7m and spending of $1.3m, leaving 25% of income unspent that year. Across the 5 years on record, from June 2019 to December 2023, income grew from $1.6m to $1.7m (+9.3%), an average of +2.2% a year. The sharpest change came in the year to June 2022, when income rose by 41%. Over the whole period it spent 70% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Montrose Community Foundation sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 84th percentile within CO. Charities of a similar size with the same main cause include Sarah Daft Home ($1.7m), South Bay Teen Challenge ($1.7m) and Ases Foundation ($1.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 80% and program service revenue 11% of the total. Compensation of current officers, directors and key employees was $56k (4.3% of expenses). At year end it held assets of $6.4m against liabilities of $1.4m, net assets of $5.0m. It reported 3 employees.