Foundations Christian Montessori Academy of Sarasota Inc

Analysis

Foundations Christian Montessori Academy of Sarasota Inc is a registered charity in United States, based in Sarasota, FL. It received its IRS tax-exemption ruling in August 2016, 10 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2022, Foundations Christian Montessori Academy of Sarasota Inc reported income of $1.4m and spending of $1.3m, spending 95% of its income. Across the 4 years on record, from December 2019 to December 2022, income grew from $342k to $1.4m (+315%), an average of +61% a year. The sharpest change came in the year to December 2020, when income rose by 192%. Over the whole period it spent 98% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Foundations Christian Montessori Academy of Sarasota Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 85th percentile within FL. Charities of a similar size with the same main cause include Ave Philomena Inc ($1.4m), Blanton Peale Graduate Institute Inc ($1.4m) and Righteous Rides ($1.4m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 13% and program service revenue 88% of the total. Compensation of current officers, directors and key employees was $297k (22% of expenses). Other salaries and wages came to $396k. At year end it held assets of $224k against liabilities of $0, net assets of $224k. It reported 25 employees.