Monocacy Montessori Community Inc

Analysis

Monocacy Montessori Community Inc is a registered charity in United States, based in Frederick, MD. It received its IRS tax-exemption ruling in September 2003, 23 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 2024, Monocacy Montessori Community Inc reported income of $3.6m and spending of $1.3m, leaving 64% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $1.2m to $3.6m (+200%), an average of +32% a year. The sharpest change came in the year to June 2024, when income rose by 58%. Over the whole period it spent 50% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Monocacy Montessori Community Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 89th percentile within MD. Charities of a similar size with the same main cause include Council of the Southern Mountains Inc ($3.6m), Elijah House Academy ($3.6m) and Finger Lakes Community College Foundation ($3.6m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 92% and program service revenue 0.2% of the total. Other salaries and wages came to $46k. At year end it held assets of $24.0m against liabilities of $17.3m, net assets of $6.7m. It reported 1 employees.