Joliet Montessori School

Analysis

Joliet Montessori School is a registered charity in United States, based in Crest Hill, IL. It received its IRS tax-exemption ruling in January 1968, 58 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, Joliet Montessori School reported income of $709k and spending of $749k, spending 106% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $634k to $709k (+12%), an average of +3.8% a year. The sharpest change came in the year to June 2021, when income rose by 37%. Over the whole period it spent 95% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Joliet Montessori School sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 75th percentile within IL. Charities of a similar size with the same main cause include Wichita Friends School Inc ($708k), The Dispute Resolution Board Foundation Inc ($709k) and Ophthalmology Foundation ($708k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.2% and program service revenue 94% of the total. Other salaries and wages came to $406k. At year end it held assets of $1.1m against liabilities of $216k, net assets of $867k. It reported 13 employees.