Near North Montessori School

Analysis

Near North Montessori School is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in April 1965, 61 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 July 2023, Near North Montessori School reported income of $14.2m and spending of $15.4m, spending 108% of what it took in. Across the 5 years on record, from July 2019 to July 2023, income fell from $14.5m to $14.2m (-1.6%), an average of -0.4% a year. The sharpest change came in the year to July 2021, when income rose by 21%. 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, Near North Montessori School sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within IL. Charities of a similar size with the same main cause include Big Picture Company Inc ($14.2m), Laborers District CNCL of the Metro Area of Philadelhia & Vicinity ($14.2m) and Athlos Leadership Academy ($14.2m).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 2.4% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $925k (6.0% of expenses). Other salaries and wages came to $7.9m. At year end it held assets of $36.5m against liabilities of $9.2m, net assets of $27.3m. It reported 185 employees.