Firelands Montessori Academy

Analysis

Firelands Montessori Academy is a registered charity in United States, based in Huron, OH. It received its IRS tax-exemption ruling in July 1980, 46 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 2024, Firelands Montessori Academy reported income of $1.2m and spending of $972k, leaving 20% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $606k to $1.2m (+101%), an average of +19% a year. The sharpest change came in the year to June 2024, when income rose by 56%. Over the whole period it spent 90% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Firelands Montessori Academy sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 81st percentile within OH. Charities of a similar size with the same main cause include Communities in Schools of Glynn County Inc ($1.2m), Armadillo Community Charter School ($1.2m) and Rise Up Education ($1.2m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 9.7% and program service revenue 71% of the total. Other salaries and wages came to $721k. At year end it held assets of $975k against liabilities of $297k, net assets of $679k. It reported 34 employees.