Swan River Montessori Charter School

Analysis

Swan River Montessori Charter School is a registered charity in United States, based in Monticello, MN. It received its IRS tax-exemption ruling in February 2005, 21 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, Swan River Montessori Charter School reported income of $2.6m and spending of $2.6m, spending 101% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.2m to $2.6m (+19%), an average of +4.5% a year. Over the whole period it spent 101% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Swan River Montessori Charter School 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 87th percentile within MN. Charities of a similar size with the same main cause include Argonauta Educational Programs Inc ($2.6m), Morning Star Preparatory Academy Inc ($2.6m) and Delray Beach Public Library Assn Inc ($2.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 93% and program service revenue 7.1% of the total. Compensation of current officers, directors and key employees was $320k (12% of expenses). Other salaries and wages came to $1.0m. At year end it held assets of $1.3m against liabilities of $2.1m, net assets of -$733k. It reported 56 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.