Montfort Academy

Analysis

Montfort Academy is a registered charity in United States, based in Mt Vernon, NY. It received its IRS tax-exemption ruling in June 1999, 27 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, Montfort Academy reported income of $2.5m and spending of $2.5m, spending 98% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.2m to $2.5m (+16%), an average of +3.8% a year. The sharpest change came in the year to June 2021, when income rose by 92%. Over the whole period it spent 88% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Montfort Academy sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 85th percentile within NY. Charities of a similar size with the same main cause include National Partnership for Juvenile Services Inc ($2.5m), University of Massachusetts Lowell Applied Research Corporation ($2.5m) and Communities in Schools of Northeast Washington ($2.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 8.0% and program service revenue 92% of the total. Compensation of current officers, directors and key employees was $340k (14% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $2.2m against liabilities of $1.9m, net assets of $344k. It reported 26 employees.