Love of Learning Montessori School

Analysis

Love of Learning Montessori School is a registered charity in United States, based in Centerport, NY. It received its IRS tax-exemption ruling in May 2000, 26 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 August 2023, Love of Learning Montessori School reported income of $1.5m and spending of $1.5m, spending 103% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $1.1m to $1.5m (+37%), an average of +8.2% a year. The sharpest change came in the year to August 2021, when income rose by 174%. Over the whole period it spent 97% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Love of Learning Montessori School sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 80th percentile within NY. Charities of a similar size with the same main cause include Gem Innovatoin Schools of Idaho Inc ($1.5m), Quogue Free Library Inc ($1.5m) and May Sands Montessori School Inc ($1.5m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 16% and program service revenue 84% of the total. Other salaries and wages came to $968k. At year end it held assets of $660k against liabilities of $187k, net assets of $473k. It reported 32 employees.