Rose & Walter Montgomery Foundation
501(c)(3) Donations tax-deductible
Only null% goes to programs Strong reserves Declining revenue
Rose & Walter Montgomery Foundation is a 501(c)(3) organization based in Spartanburg, South Carolina, registered in 1994, with $293,960 in FY2024 revenue. CharityIndex grades it C.
314 S Pine St Ste 100, Spartanburg, SC, 29302 EIN 57-0986535 Since 1994
Revenue (FY2024)
$294K
▲ 748.4% vs prior year
Expenses (FY2024)
$339K
Net assets
$6.8M
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
C
—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Rose & Walter Montgomery Foundation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
C+Financial health25% of the rating242 mo reserves · -15% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Rose & Walter Montgomery Foundation: 242 mo reserves · -15% margin earns a C+ on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Rose & Walter Montgomery Foundation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
DTransparency10% of the rating1 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Rose & Walter Montgomery Foundation: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Contact & location
- Address
- 314 S Pine St Ste 100, Spartanburg, SC, 29302
- City
- Spartanburg
- State
- South Carolina
- Category
- —
- Subcategory
- —
Financial trends
Revenue grew from $275K (FY2018) to $294K (FY2024) across 7 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $446KNet assets $6.8M
Operating margin
-15.4%
Spent more than it raised in the latest fiscal year.
Total assets
$7.3M
Total liabilities
$446K
Net assets
$6.8M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $293,960▲748% | $339,344▼8.2% | $6,835,103▲3.4% | $7,281,385▲9.8% | 990PF |
| 2023 | $34,648▼85.5% | $369,850▼16.1% | $6,612,007▲16.4% | $6,629,224▲16.7% | 990PF |
| 2022 | $239,438▼61.4% | $440,621▲17.4% | $5,678,147▼2.1% | $5,680,313▼2.1% | 990PF |
| 2021 | $620,834▲89.2% | $375,328▼19.6% | $5,798,792▲8.0% | $5,801,231▲8.0% | 990PF |
| 2020 | $328,060▼30.1% | $466,981▼44.5% | $5,371,643▼7.8% | $5,371,643▼7.8% | 990PF |
| 2019 | $469,177▲70.8% | $840,750▲72.0% | $5,824,366▼21.5% | $5,824,366▼21.5% | 990PF |
| 2018 | $274,756 | $488,873 | $7,418,287 | $7,418,287 | 990PF |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Frequently asked questions
- Is Rose & Walter Montgomery Foundation a legitimate nonprofit?
- Yes. Rose & Walter Montgomery Foundation is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 57-0986535, based in Spartanburg, South Carolina. Donations are tax-deductible.
- What is Rose & Walter Montgomery Foundation's EIN?
- Rose & Walter Montgomery Foundation's Employer Identification Number (EIN) is 57-0986535.
- How much revenue does Rose & Walter Montgomery Foundation report?
- Rose & Walter Montgomery Foundation reported $293,960 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Rose & Walter Montgomery Foundation have?
- CharityIndex grades Rose & Walter Montgomery Foundation C, based on financial health (reserves and operating margin).
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Data for Rose & Walter Montgomery Foundation (EIN 57-0986535) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.