Montessori Private Academy Inc

Analysis

Montessori Private Academy Inc is a registered charity in United States, based in Rockford, IL. It received its IRS tax-exemption ruling in October 1985, 41 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 May 2024, Montessori Private Academy Inc reported income of $1.1m and spending of $1.4m, spending 121% of what it took in. Across the 5 years on record, from May 2020 to May 2024, income fell from $1.3m to $1.1m (-14%), an average of -3.8% a year. The sharpest change came in the year to May 2023, when income dropped by 23%. Over the whole period it spent 97% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Montessori Private Academy Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 80th percentile within IL. Charities of a similar size with the same main cause include Pamlico Christian Academy Inc ($1.1m), Americas Junior Miss Scholarship Foundation Inc ($1.1m) and Hope Initiatives CDC Incorporated ($1.1m).

On its Form 990 for the period ending May 2024, revenue came from contributions and grants 0.2% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $107k (7.7% of expenses). Other salaries and wages came to $713k. At year end it held assets of $2.8m against liabilities of $1.6m, net assets of $1.2m. It reported 32 employees.