Magnolia Montessori Academy Inc

Analysis

Magnolia Montessori Academy Inc is a registered charity in United States, based in Lakeland, FL. It received its IRS tax-exemption ruling in July 2013, 13 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, Magnolia Montessori Academy Inc reported income of $2.2m and spending of $2.0m, spending 91% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $1.2m to $2.2m (+90%), an average of +24% a year. The sharpest change came in the year to June 2021, when income rose by 105%. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Magnolia Montessori Academy Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 88th percentile within FL. Charities of a similar size with the same main cause include Charlotte Secondary School Inc ($2.2m), Merrimac Heights Academy Inc ($2.2m) and Wilmington Christian Academy ($2.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 16% and program service revenue 81% of the total. At year end it held assets of $747k against liabilities of $185k, net assets of $562k. It reported 42 employees.