Providence Montessori School Inc

Analysis

Providence Montessori School Inc is a registered charity in United States, based in Lexington, KY. It received its IRS tax-exemption ruling in October 1982, 44 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, Providence Montessori School Inc reported income of $3.9m and spending of $3.6m, spending 93% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.4m to $3.9m (+14%), an average of +3.2% a year. The sharpest change came in the year to June 2021, when income rose by 31%. Over the whole period it spent 93% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Providence Montessori School 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 91st percentile, and in the 91st percentile within KY. Charities of a similar size with the same main cause include Atlanta Smart Academy Inc ($3.9m), Virginia Western Community College Educational Founation Inc ($3.9m) and Forest School ($3.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 11% and program service revenue 88% of the total. Compensation of current officers, directors and key employees was $88k (2.4% of expenses). At year end it held assets of $5.0m against liabilities of $2.1m, net assets of $2.8m. It reported 98 employees.