Elm City Montessori School Inc

Analysis

Elm City Montessori School Inc is a registered charity in United States, based in New Haven, CT. It received its IRS tax-exemption ruling in August 2014, 12 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, Elm City Montessori School Inc reported income of $5.5m and spending of $4.7m, spending 86% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.2m to $5.5m (+69%), an average of +14% a year. The sharpest change came in the year to June 2020, when income rose by 23%. Over the whole period it spent 88% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Elm City Montessori School 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 92nd percentile, and in the 91st percentile within CT. Charities of a similar size with the same main cause include Dharma Educational Institute ($5.5m), Howard Community College Educational Foundation Inc ($5.5m) and K-State Union Corporation ($5.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 96% and program service revenue 1.7% of the total. Other salaries and wages came to $3.0m. At year end it held assets of $7.8m against liabilities of $4.6m, net assets of $3.2m. It reported 59 employees.