French & Montessori Education Inc

Analysis

French & Montessori Education Inc is a registered charity in United States, based in New Orleans, LA. It received its IRS tax-exemption ruling in February 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 2023, French & Montessori Education Inc reported income of $19.3m and spending of $17.2m, spending 89% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $11.4m to $19.3m (+69%), an average of +14% a year. The sharpest change came in the year to June 2023, when income rose by 35%. Over the whole period it spent 100% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, French & Montessori Education Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within LA. Charities of a similar size with the same main cause include Delta Preparatory Schools Inc ($19.3m), Columbus School for Girls ($19.3m) and Idaho Virtual Academy Inc ($19.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% and program service revenue 2.1% of the total. Compensation of current officers, directors and key employees was $128k (0.7% of expenses). Other salaries and wages came to $8.5m. At year end it held assets of $9.4m against liabilities of $2.7m, net assets of $6.8m. It reported 247 employees.