Montessori Academy at Edison Lakes Inc

Analysis

Montessori Academy at Edison Lakes Inc is a registered charity in United States, based in Mishawaka, IN. It received its IRS tax-exemption ruling in January 1971, 55 years ago. 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, Montessori Academy at Edison Lakes Inc reported income of $2.6m and spending of $2.8m, spending 109% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $1.9m to $2.6m (+35%), an average of +11% a year. The sharpest change came in the year to June 2022, when income rose by 35%. Over the whole period it spent 104% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Montessori Academy at Edison Lakes 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 88th percentile, and in the 89th percentile within IN. Charities of a similar size with the same main cause include Good News Communications Inc ($2.6m), Community Assistance Council Inc ($2.6m) and North Dakota High School Activities Association ($2.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 3.1% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $169k (6.0% of expenses). Other salaries and wages came to $1.3m. At year end it held assets of $2.4m against liabilities of $657k, net assets of $1.7m. It reported 66 employees.