Montessori School of Iowa City Inc

Analysis

Montessori School of Iowa City Inc is a registered charity in United States, based in Coralville, IA. It received its IRS tax-exemption ruling in March 1965, 61 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 June 2023, Montessori School of Iowa City Inc reported income of $1.1m and spending of $1.1m, spending 100% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $787k to $1.1m (+35%), an average of +10% a year. The sharpest change came in the year to June 2022, when income rose by 48%. Over the whole period it spent 88% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Montessori School of Iowa City Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 82nd percentile within IA. Charities of a similar size with the same main cause include Clarendon Child Care Center ($1.1m), International Test and Evaluation Association ($1.1m) and Lee Miles Senior Citizens Housing Corporation ($1.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 11% and program service revenue 89% of the total. Compensation of current officers, directors and key employees was $108k (10% of expenses). Other salaries and wages came to $571k. At year end it held assets of $1.6m against liabilities of $454k, net assets of $1.1m. It reported 37 employees.