Montessori Childrens House Grand Traverse

Analysis

Montessori Childrens House Grand Traverse is a registered charity in United States, based in Traverse City, MI. It received its IRS tax-exemption ruling in December 1988, 38 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 Childrens House Grand Traverse reported income of $5.8m and spending of $5.3m, spending 92% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $3.4m to $5.8m (+70%), an average of +11% a year. The sharpest change came in the year to June 2021, when income rose by 24%. Over the whole period it spent 90% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Montessori Childrens House Grand Traverse sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 93rd percentile within MI. Charities of a similar size with the same main cause include Association of Junior Leagues International Inc ($5.8m), Center for Volunteer and Nonprofit Leadership of Marin ($5.8m) and Colorado Library Consortium ($5.8m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 6.9% and program service revenue 77% of the total. Compensation of current officers, directors and key employees was $262k (4.9% of expenses). Other salaries and wages came to $2.4m. At year end it held assets of $7.3m against liabilities of $3.3m, net assets of $4.0m. It reported 88 employees.