Lake Harriet Montessori School Inc

Analysis

Lake Harriet Montessori School Inc is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in February 1983, 43 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, Lake Harriet Montessori School Inc reported income of $512k and spending of $554k, spending 108% of what it took in. Across the 6 years on record, from August 2019 to August 2024, income grew from $498k to $512k (+2.8%), an average of +0.6% a year. The sharpest change came in the year to August 2021, when income rose by 44%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Lake Harriet Montessori School Inc sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 70th percentile within MN. Charities of a similar size with the same main cause include Our Little Brothers & Sisters Inc ($512k), Horizon Lodge Inc ($512k) and Grundy Community Preschool and Child Care Association ($512k).

On its Form 990 for the period ending August 2024, revenue came from contributions and grants 0.5% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $63k (11% of expenses). Other salaries and wages came to $307k. At year end it held assets of $311k against liabilities of $15k, net assets of $296k. It reported 17 employees.