Downtown Montessori Academy Inc

Analysis

Downtown Montessori Academy Inc is a registered charity in United States, based in Milwaukee, WI. It received its IRS tax-exemption ruling in April 1998, 28 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 June 2023, Downtown Montessori Academy Inc reported income of $2.9m and spending of $3.1m, spending 109% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income fell from $2.9m to $2.9m (-3.0%), an average of -1.0% a year. Over the whole period it spent 92% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Downtown Montessori Academy Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 89th percentile within WI. Charities of a similar size with the same main cause include Orangetown Monsey Hebrew School Inc ($2.9m), State Financial Officers Foundation Inc ($2.9m) and Ad Fontes Ducational Trust ($2.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 83% and program service revenue 16% of the total. Compensation of current officers, directors and key employees was $304k (9.7% of expenses). Other salaries and wages came to $1.4m. At year end it held assets of $6.7m against liabilities of $3.9m, net assets of $2.8m. It reported 52 employees.