Libraries of Montrose County Foundation

Analysis

Libraries of Montrose County Foundation is a registered charity in United States, based in Montrose, CO. It received its IRS tax-exemption ruling in January 2007, 19 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Libraries of Montrose County Foundation reported income of $58k and spending of $45k, leaving 23% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income fell from $111k to $58k (-48%), an average of -19% a year. The sharpest change came in the year to December 2022, when income dropped by 51%. Over the whole period it spent 48% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Libraries of Montrose County Foundation sits at the 25th percentile: it is larger than about 25% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 19th percentile within CO. Charities of a similar size with the same main cause include Glenvar Youth Boosters Inc ($58k), Network of Educational Teams Inc N E T ($58k) and JBS Transition Experts ($58k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 63% of the total. At year end it held assets of $686k against liabilities of $0, net assets of $686k.