Montessori Initiative for Education

Analysis

Montessori Initiative for Education is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in November 2002, 24 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2023, Montessori Initiative for Education reported income of $172k and spending of $358k, spending 208% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $89k to $172k (+93%), an average of +18% a year. The sharpest change came in the year to June 2023, when income rose by 625%. Over the whole period it spent 140% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Montessori Initiative for Education sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 48th percentile within PA. Charities of a similar size with the same main cause include Neohumanist College of Asheville ($172k), Barton Academy Foundation ($172k) and World Affairs Council of Harrisburg ($172k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $5.8m against liabilities of $6.0m, net assets of -$191k.