Canton Montessori Association

Analysis

Canton Montessori Association is a registered charity in United States, based in Canton, OH. It received its IRS tax-exemption ruling in December 1970, 56 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 2024, Canton Montessori Association reported income of $1.3m and spending of $1.1m, spending 89% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $904k to $1.3m (+42%), an average of +9.1% a year. The sharpest change came in the year to June 2021, when income rose by 17%. Over the whole period it spent 89% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Canton Montessori Association sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 82nd percentile within OH. Charities of a similar size with the same main cause include National Church Residences Chillicothe Land Holdings Inc ($1.3m), Greater Tucson Lions Senior Citizens Foundation Inc ($1.3m) and Roseland Senior Housing Corporation ($1.3m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 4.8% and program service revenue 93% of the total. Compensation of current officers, directors and key employees was $105k (9.2% of expenses). Other salaries and wages came to $667k. At year end it held assets of $1.2m against liabilities of $117k, net assets of $1.1m. It reported 34 employees.