Great Beginnings Montessori School Inc

Analysis

Great Beginnings Montessori School Inc is a registered charity in United States, based in Fairfield, CT. It received its IRS tax-exemption ruling in February 1997, 29 years ago. 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 2024, Great Beginnings Montessori School Inc reported income of $1.1m and spending of $1.1m, spending 95% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $984k to $1.1m (+17%), an average of +3.1% a year. The sharpest change came in the year to June 2023, when income rose by 20%. Over the whole period it spent 90% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Great Beginnings Montessori School Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 79th percentile within CT. Charities of a similar size with the same main cause include Heroes for Children ($1.1m), Montana Bible College ($1.1m) and Hispanic Urban Minority Alcoholism and Drug Abuse Outreach Program ($1.1m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 2.7% and program service revenue 82% of the total. Compensation of current officers, directors and key employees was $367k (33% of expenses). Other salaries and wages came to $355k. At year end it held assets of $1.7m against liabilities of $711k, net assets of $1.0m. It reported 16 employees.