Diamante Montessori School

Analysis

Diamante Montessori School is a registered charity in United States, based in Glen Ellyn, IL. It received its IRS tax-exemption ruling in December 2002, 24 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 July 2024, Diamante Montessori School reported income of $423k and spending of $396k, spending 94% of its income. Across the 5 years on record, from July 2020 to July 2024, income grew from $380k to $423k (+11%), an average of +2.7% a year. The sharpest change came in the year to July 2022, when income dropped by 20%. Over the whole period it spent 94% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Diamante Montessori School sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 67th percentile within IL. Charities of a similar size with the same main cause include Yeshivas Beis Ahron Inc ($423k), Back in the Saddle Equine Therapy Center ($423k) and Kootenai Valley Christian School Inc ($423k).

On its Form 990 for the period ending July 2024, revenue came from contributions and grants 5.0% and program service revenue 93% of the total. Compensation of current officers, directors and key employees was $8,000 (2.0% of expenses). Other salaries and wages came to $225k. At year end it held assets of $753k against liabilities of $297k, net assets of $456k. It reported 13 employees.