Fairmount Montessori Association

Analysis

Fairmount Montessori Association is a registered charity in United States, based in Cleveland HTS, OH. It received its IRS tax-exemption ruling in February 1978, 48 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, Fairmount Montessori Association reported income of $6.3m and spending of $5.8m, spending 92% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $5.5m to $6.3m (+13%), an average of +3.2% a year. The sharpest change came in the year to June 2022, when income rose by 59%. Over the whole period it spent 92% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Fairmount Montessori Association sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 93rd percentile within OH. Charities of a similar size with the same main cause include TKJ by His Grace Ministries Inc ($6.3m), Lafayette Partners in Education ($6.3m) and Onward We Learn ($6.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 9.3% and program service revenue 89% of the total. Compensation of current officers, directors and key employees was $277k (4.8% of expenses). Other salaries and wages came to $2.5m. At year end it held assets of $9.0m against liabilities of $1.9m, net assets of $7.0m. It reported 113 employees.