Ithaca Montessori Society

Analysis

Ithaca Montessori Society is a registered charity in United States, based in Ithaca, NY. It received its IRS tax-exemption ruling in August 1969, 57 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 2024, Ithaca Montessori Society reported income of $1.4m and spending of $1.6m, spending 112% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $705k to $1.4m (+99%), an average of +19% a year. The sharpest change came in the year to June 2021, when income rose by 105%. Over the whole period it spent 92% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Ithaca Montessori Society 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 83rd percentile, and in the 79th percentile within NY. Charities of a similar size with the same main cause include Gillette College Foundation ($1.4m), Carlisle Christian Academy ($1.4m) and Montessori Childrens House and School Inc ($1.4m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 8.7% and program service revenue 88% of the total. Compensation of current officers, directors and key employees was $106k (6.8% of expenses). Other salaries and wages came to $904k. At year end it held assets of $1.9m against liabilities of $913k, net assets of $985k. It reported 51 employees.