Montessori School of Greater Hartford Inc

Analysis

Montessori School of Greater Hartford Inc is a registered charity in United States, based in West Hartford, CT. It received its IRS tax-exemption ruling in January 1967, 59 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Montessori School of Greater Hartford Inc reported income of $4.5m and spending of $4.0m, spending 89% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $2.8m to $4.5m (+64%), an average of +18% a year. The sharpest change came in the year to June 2022, when income rose by 40%. Over the whole period it spent 89% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Montessori School of Greater Hartford Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 90th percentile within CT. Charities of a similar size with the same main cause include Spruce Street School ($4.5m), Sequoia Grove Charter Alliance ($4.5m) and Crossnore School Childrens Foundation ($4.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 1.7% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $162k (4.0% of expenses). Other salaries and wages came to $2.1m. At year end it held assets of $5.5m against liabilities of $2.5m, net assets of $3.1m. It reported 72 employees.