Heartland Community Montessori School Inc

Analysis

Heartland Community Montessori School Inc is a registered charity in United States, based in River Falls, WI. It received its IRS tax-exemption ruling in April 1995, 31 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 July 2023, Heartland Community Montessori School Inc reported income of $184k and spending of $219k, spending 119% of what it took in. Across the 4 years on record, from July 2020 to July 2023, income fell from $251k to $184k (-27%), an average of -9.8% a year. The sharpest change came in the year to July 2023, when income rose by 81%. Over the whole period it spent 113% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Heartland Community Montessori School Inc sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 51st percentile within WI. Charities of a similar size with the same main cause include Voice of Peace Christian Mission ($184k), Rural Educational Heritage Inc ($184k) and Parent Booster USA Inc ($184k).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 3.4% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $61k (28% of expenses). Other salaries and wages came to $100k. At year end it held assets of $221k against liabilities of $85k, net assets of $135k. It reported 9 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.