K-Step Montessori Inc

Analysis

K-Step Montessori Inc is a registered charity in United States, based in El Monte, CA. It received its IRS tax-exemption ruling in June 2006, 20 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, K-Step Montessori Inc reported income of $3.7m and spending of $3.3m, spending 89% of its income. Across the 6 years on record, from June 2019 to June 2024, income fell from $4.7m to $3.7m (-21%), an average of -4.6% a year. The sharpest change came in the year to June 2022, when income rose by 141%. 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, K-Step Montessori Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within CA. Charities of a similar size with the same main cause include San Francisco Education Fund ($3.7m), Leonardo Da Vinci Health Sciences Charter School ($3.7m) and Valley Grande Institute for Academic Studies ($3.7m).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $490k (15% of expenses). Other salaries and wages came to $1.8m. At year end it held assets of $896k against liabilities of $44k, net assets of $852k. It reported 70 employees.