Chiaravalle Montessori School

Analysis

Chiaravalle Montessori School is a registered charity in United States, based in Evanston, IL. It received its IRS tax-exemption ruling in June 1957, 69 years ago. 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 May 2024, Chiaravalle Montessori School reported income of $8.6m and spending of $8.5m, spending 99% of its income. Across the 5 years on record, from May 2020 to May 2024, income grew from $6.8m to $8.6m (+26%), an average of +6.0% a year. The sharpest change came in the year to May 2022, when income rose by 20%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Chiaravalle 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 94th percentile, and in the 94th percentile within IL. Charities of a similar size with the same main cause include Programs for Parents Inc ($8.6m), Kirkland & Ellis Foundation ($8.6m) and First State Community Action Agency Inc ($8.6m).

On its Form 990 for the period ending May 2024, revenue came from contributions and grants 5.6% and program service revenue 93% of the total. Compensation of current officers, directors and key employees was $233k (2.8% of expenses). Other salaries and wages came to $4.2m. At year end it held assets of $21.4m against liabilities of $9.4m, net assets of $12.0m. It reported 83 employees.