New Discoveries Montessori Academy

Analysis

New Discoveries Montessori Academy is a registered charity in United States, based in Hutchinson, MN. It received its IRS tax-exemption ruling in August 2007, 19 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, New Discoveries Montessori Academy reported income of $6.3m and spending of $6.1m, spending 97% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $4.8m to $6.3m (+33%), an average of +7.4% a year. Over the whole period it spent 98% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, New Discoveries Montessori Academy sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 93rd percentile within MN. Charities of a similar size with the same main cause include Regent Preparatory School of Oklahoma Inc ($6.3m), Nebraska School Activities ($6.3m) and Kadima Hebrew Academy ($6.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% and program service revenue 1.1% of the total. Compensation of current officers, directors and key employees was $356k (5.8% of expenses). Other salaries and wages came to $2.5m. At year end it held assets of $2.9m against liabilities of $4.4m, net assets of -$1.5m. It reported 114 employees.