Montessori Society of Greater Grand Rapids Inc

Analysis

Montessori Society of Greater Grand Rapids Inc is a registered charity in United States, based in Grand Rapids, MI. It received its IRS tax-exemption ruling in June 1984, 42 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 Society of Greater Grand Rapids Inc reported income of $4.0m and spending of $3.6m, spending 89% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $2.2m to $4.0m (+80%), an average of +12% a year. The sharpest change came in the year to June 2022, when income rose by 57%. Over the whole period it spent 89% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Montessori Society of Greater Grand Rapids Inc 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 91st percentile, and in the 91st percentile within MI. Charities of a similar size with the same main cause include Center for Enriched Living ($4.0m), Boy Scouts of America ($4.0m) and Wildearth Guardians ($4.0m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 2.8% and program service revenue 93% of the total. Compensation of current officers, directors and key employees was $118k (3.3% of expenses). Other salaries and wages came to $1.9m. At year end it held assets of $3.7m against liabilities of $1.8m, net assets of $1.9m. It reported 61 employees.