Gregory Hugh Montgomery Jr Foundation for Ultimate Growth Inc

Analysis

Gregory Hugh Montgomery Jr Foundation for Ultimate Growth Inc is a registered charity in United States, based in Naples, FL. It received its IRS tax-exemption ruling in January 2021, 5 years ago. Its declared purposes cover mental health and crisis intervention, which this site groups under health and saving lives. 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, Gregory Hugh Montgomery Jr Foundation for Ultimate Growth Inc reported income of $151k and spending of $136k, spending 90% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $43k to $151k (+254%), an average of +52% a year. The sharpest change came in the year to December 2021, when income rose by 256%. Over the whole period it spent 65% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Gregory Hugh Montgomery Jr Foundation for Ultimate Growth Inc sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 51st percentile within FL. Charities of a similar size with the same main cause include Hometown Care of North Mississippi Inc ($151k), Montana Medical Association Foundation ($151k) and Prostate Action Inc ($151k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 118% of the total. Compensation of current officers, directors and key employees was $20k (15% of expenses). At year end it held assets of $173k against liabilities of $0, net assets of $173k.