Many Rivers Montessori

Analysis

Many Rivers Montessori is a registered charity in United States, based in Duluth, MN. It received its IRS tax-exemption ruling in September 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, Many Rivers Montessori reported income of $2.7m and spending of $2.4m, spending 88% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $1.8m to $2.7m (+47%), an average of +14% a year. The sharpest change came in the year to June 2021, when income rose by 25%. Over the whole period it spent 87% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Many Rivers Montessori sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 87th percentile within MN. Charities of a similar size with the same main cause include National Association of Schools of Music ($2.7m), South Walton Academy Inc ($2.7m) and SLS ($2.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 15% and program service revenue 81% of the total. Compensation of current officers, directors and key employees was $144k (6.1% of expenses). Other salaries and wages came to $1.3m. At year end it held assets of $3.8m against liabilities of $2.4m, net assets of $1.4m. It reported 36 employees.