Montclair Early Childhood Corporation

Analysis

Montclair Early Childhood Corporation is a registered charity in United States, based in Montclair, NJ. It received its IRS tax-exemption ruling in February 1998, 28 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, Montclair Early Childhood Corporation reported income of $4.6m and spending of $4.0m, spending 86% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $3.6m to $4.6m (+28%), an average of +8.6% a year. The sharpest change came in the year to June 2022, when income rose by 42%. Over the whole period it spent 88% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Montclair Early Childhood Corporation sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 93rd percentile within NJ. Charities of a similar size with the same main cause include Pennsylvania Coalition of Public Charter Schools ($4.6m), Crossroads Center for Children Inc ($4.6m) and Bnos Bracha Inc ($4.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 16% and program service revenue 83% of the total. Compensation of current officers, directors and key employees was $239k (6.0% of expenses). Other salaries and wages came to $2.0m. At year end it held assets of $3.5m against liabilities of $282k, net assets of $3.2m. It reported 70 employees.