Community Montessori

Analysis

Community Montessori is a registered charity in United States, based in New Albany, IN. It received its IRS tax-exemption ruling in April 1998, 28 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, Community Montessori reported income of $5.8m and spending of $4.8m, spending 82% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $5.0m to $5.8m (+16%), an average of +5.1% a year. The sharpest change came in the year to June 2021, when income rose by 15%. Over the whole period it spent 81% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Community Montessori sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 93rd percentile within IN. Charities of a similar size with the same main cause include The Peabody School ($5.8m), Metro East Web Academy ($5.8m) and Reaching All Minds Academy Inc ($5.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 88% and program service revenue 12% of the total. Compensation of current officers, directors and key employees was $300k (6.3% of expenses). Other salaries and wages came to $2.4m. At year end it held assets of $16.8m against liabilities of $5.9m, net assets of $10.8m. It reported 63 employees.