Steps Montessori of Saginaw Inc

Analysis

Steps Montessori of Saginaw Inc is a registered charity in United States, based in Saginaw, MI. It received its IRS tax-exemption ruling in June 1985, 41 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 August 2024, Steps Montessori of Saginaw Inc reported income of $400k and spending of $417k, spending 104% of its income. Across the 6 years on record, from August 2019 to August 2024, income grew from $196k to $400k (+104%), an average of +15% a year. The sharpest change came in the year to August 2022, when income rose by 83%. Over the whole period it spent 93% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Steps Montessori of Saginaw Inc sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 67th percentile within MI. Charities of a similar size with the same main cause include Lake Waubesa Bible Camp Inc ($400k), Allegheny Force Football Club ($400k) and Blue Grass Council of the Blind ($400k).

On its Form 990 for the period ending August 2024, revenue came from program service revenue 97% of the total. Other salaries and wages came to $282k. At year end it held assets of $443k against liabilities of $1,143, net assets of $442k. It reported 14 employees.