Wheaton Montessori School

Analysis

Wheaton Montessori School is a registered charity in United States, based in Wheaton, IL. It received its IRS tax-exemption ruling in May 2001, 25 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 August 2023, Wheaton Montessori School reported income of $2.7m and spending of $2.6m, spending 97% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $2.1m to $2.7m (+28%), an average of +6.4% a year. The sharpest change came in the year to August 2023, when income rose by 23%. Over the whole period it spent 99% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Wheaton Montessori School sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 88th percentile within IL. Charities of a similar size with the same main cause include Colorado Skies Academy ($2.7m), Greenville Christian School Inc ($2.7m) and Massachusetts Alliance for Early College Inc ($2.7m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 1.9% and program service revenue 86% of the total. Compensation of current officers, directors and key employees was $477k (18% of expenses). Other salaries and wages came to $963k. At year end it held assets of $1.4m against liabilities of $524k, net assets of $847k. It reported 24 employees.