Cornerspring Montessori School

Analysis

Cornerspring Montessori School is a registered charity in United States, based in Belfast, ME. It received its IRS tax-exemption ruling in September 2007, 19 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 August 2023, Cornerspring Montessori School reported income of $949k and spending of $916k, spending 96% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $519k to $949k (+83%), an average of +16% a year. The sharpest change came in the year to August 2021, when income rose by 64%. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Cornerspring Montessori School sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 75th percentile within ME. Charities of a similar size with the same main cause include Mississippi Valley School Tuitionorganization Inc ($949k), Childrens Literacy Foundation ($949k) and The University of Mount Olive Foundaiton ($949k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 7.1% and program service revenue 91% of the total. Compensation of current officers, directors and key employees was $85k (9.3% of expenses). Other salaries and wages came to $511k. At year end it held assets of $2.1m against liabilities of $1.2m, net assets of $981k. It reported 27 employees.