Mosaic Montessori Academy Inc

Analysis

Mosaic Montessori Academy Inc is a registered charity in United States, based in River Forest, IL. It received its IRS tax-exemption ruling in October 2007, 19 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, Mosaic Montessori Academy Inc reported income of $993k and spending of $710k, leaving 29% of income unspent that year. Across the 4 years on record, from June 2019 to June 2023, income grew from $344k to $993k (+188%), an average of +42% a year. The sharpest change came in the year to June 2022, when income rose by 92%. Over the whole period it spent 81% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Mosaic Montessori Academy Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 79th percentile within IL. Charities of a similar size with the same main cause include Humanist Academy ($993k), Mountain Village Charter School ($993k) and Quad-City Electrical Joint Apprenticeship & Training Program ($993k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $97k (14% of expenses). Other salaries and wages came to $347k. At year end it held assets of $550k against liabilities of $20k, net assets of $530k. It reported 13 employees.