Montessori Education Fund Inc

Analysis

Montessori Education Fund Inc is a registered charity in United States, based in Richmond, TX. It received its IRS tax-exemption ruling in October 2013, 13 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Montessori Education Fund Inc reported income of $1.2m and spending of $962k, leaving 23% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $492k to $1.2m (+153%), an average of +26% a year. The sharpest change came in the year to December 2022, when income rose by 69%. Over the whole period it spent 78% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Montessori Education Fund 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 82nd percentile, and in the 85th percentile within TX. Charities of a similar size with the same main cause include Charlie Keyan Armenian Community School ($1.2m), Chili Public Library ($1.2m) and West Michigan Aviation Academy Foundation ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 13% and program service revenue 67% of the total. Other salaries and wages came to $335k. At year end it held assets of $735k against liabilities of $11k, net assets of $724k. It reported 11 employees.