Montessori Academy of Naples Inc

Analysis

Montessori Academy of Naples Inc is a registered charity in United States, based in Naples, FL. It received its IRS tax-exemption ruling in February 2009, 17 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, Montessori Academy of Naples Inc reported income of $2.1m and spending of $1.7m, spending 82% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.5m to $2.1m (+39%), an average of +8.7% a year. The sharpest change came in the year to June 2023, when income rose by 40%. 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, Montessori Academy of Naples Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 88th percentile within FL. Charities of a similar size with the same main cause include Southeast Steuben County Library ($2.1m), Autism Spectrum Center for Educational and Neurological ($2.1m) and Buckeye Community School - London ($2.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 12% and program service revenue 75% of the total. Compensation of current officers, directors and key employees was $278k (16% of expenses). Other salaries and wages came to $524k. At year end it held assets of $1.8m against liabilities of $154k, net assets of $1.6m. It reported 30 employees.