Montessori Education Centers Associated Inc

Analysis

Montessori Education Centers Associated Inc is a registered charity in United States, based in Clarendon HLS, IL. It received its IRS tax-exemption ruling in November 1972, 54 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 Education Centers Associated Inc reported income of $3.4m and spending of $3.0m, spending 88% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $2.8m to $3.4m (+20%), an average of +4.7% a year. The sharpest change came in the year to June 2022, when income rose by 35%. Over the whole period it spent 82% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Montessori Education Centers Associated Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 89th percentile within IL. Charities of a similar size with the same main cause include Meher Spiritual Center Inc ($3.4m), Paleontological Research Institution ($3.4m) and Childrens Research Triangle ($3.4m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 0.1% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $164k (5.6% of expenses). Other salaries and wages came to $1.3m. At year end it held assets of $7.4m against liabilities of $3.3m, net assets of $4.1m. It reported 55 employees.