Montessori School of Lake Forest

Analysis

Montessori School of Lake Forest is a registered charity in United States, based in Lake Forest, IL. It received its IRS tax-exemption ruling in September 1967, 59 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 June 2024, Montessori School of Lake Forest reported income of $3.6m and spending of $3.3m, spending 93% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $2.4m to $3.6m (+51%), an average of +11% a year. The sharpest change came in the year to June 2022, when income rose by 32%. Over the whole period it spent 90% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Montessori School of Lake Forest 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 90th percentile, and in the 90th percentile within IL. Charities of a similar size with the same main cause include Mid-Peninsula Baker Park Inc ($3.6m), Housing Action Illinois ($3.6m) and United Cerebral Palsy Association of Cayuga County Inc ($3.6m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 2.0% and program service revenue 94% of the total. Compensation of current officers, directors and key employees was $138k (4.1% of expenses). Other salaries and wages came to $1.6m. At year end it held assets of $4.3m against liabilities of $1.6m, net assets of $2.7m. It reported 58 employees.