Cornerstone Montessori Elementary School

Analysis

Cornerstone Montessori Elementary School is a registered charity in United States, based in Saint Paul, MN. It received its IRS tax-exemption ruling in April 2011, 15 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, Cornerstone Montessori Elementary School reported income of $3.1m and spending of $2.8m, spending 89% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.1m to $3.1m (+50%), an average of +11% a year. The sharpest change came in the year to June 2023, when income rose by 22%. 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, Cornerstone Montessori Elementary School sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 88th percentile within MN. Charities of a similar size with the same main cause include Colegio de Aprendizaje Y Desarollo Integrado Corp ($3.1m), Rollins Child Development Center Inc ($3.1m) and Diablo Valley Montessori School Inc ($3.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% and program service revenue 0.8% of the total. Compensation of current officers, directors and key employees was $247k (9.0% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $1.8m against liabilities of $1.7m, net assets of $66k. It reported 50 employees.