Fort Wayne Montessori Association Inc

Analysis

Fort Wayne Montessori Association Inc is a registered charity in United States, based in New Haven, IN. It received its IRS tax-exemption ruling in March 1972, 54 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, Fort Wayne Montessori Association Inc reported income of $942k and spending of $968k, spending 103% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $834k to $942k (+13%), an average of +4.2% a year. The sharpest change came in the year to June 2023, when income rose by 47%. Over the whole period it spent 105% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Fort Wayne Montessori Association Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 79th percentile within IN. Charities of a similar size with the same main cause include Industrial Arts Institute Inc ($942k), Black Hills Christian Academy ($943k) and Montessori Accreditation Council for Teacher Education Inc ($942k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 90% of the total. Other salaries and wages came to $650k. At year end it held assets of $2.0m against liabilities of $123k, net assets of $1.9m. It reported 40 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.