The Converge Foundation

Analysis

The Converge Foundation is a registered charity in United States, based in Missoula, MT. It received its IRS tax-exemption ruling in August 2022, 4 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 June 2024, The Converge Foundation reported income of $134k and spending of $70k, leaving 48% of income unspent that year. Across the 2 years on record, from June 2023 to June 2024, income fell from $135k to $134k (-1.1%), an average of -1.1% a year. Over the whole period it spent 44% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, The Converge Foundation sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 42nd percentile within MT. Charities of a similar size with the same main cause include Cresa Cares Inc ($134k), Belmond-Klemme Scholarship Fdn-Ii ($134k) and Retail Alliance Foundation ($134k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 100% of the total. At year end it held assets of $150k against liabilities of $0, net assets of $150k.