Montessori Association of New York

Analysis

Montessori Association of New York is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in November 1963, 63 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 Association of New York reported income of $10.7m and spending of $11.2m, spending 105% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $10.7m to $10.7m (-0.3%), an average of -0.1% a year. Over the whole period it spent 102% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Montessori Association of New York sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 93rd percentile within NY. Charities of a similar size with the same main cause include Yinghua Academy ($10.7m), Api Fund for Payroll Education Inc ($10.7m) and Legacy Traditional School-North Chandler ($10.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 4.4% and program service revenue 94% of the total. Compensation of current officers, directors and key employees was $555k (5.0% of expenses). Other salaries and wages came to $4.7m. At year end it held assets of $14.1m against liabilities of $10.6m, net assets of $3.5m. It reported 114 employees.