Chi Montessori Academy Inc

Analysis

Chi Montessori Academy Inc is a registered charity in United States, based in Atlanta, GA. It received its IRS tax-exemption ruling in January 2016, 10 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 December 2023, Chi Montessori Academy Inc reported income of $1.4m and spending of $1.2m, spending 87% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $701k to $1.4m (+96%), an average of +18% a year. The sharpest change came in the year to December 2021, when income rose by 83%. Over the whole period it spent 95% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Chi Montessori Academy Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 86th percentile within GA. Charities of a similar size with the same main cause include Encompass Academy ($1.4m), Sankara Nethralaya Om Trust Inc ($1.4m) and Futures Inc ($1.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 14% and program service revenue 86% of the total. Compensation of current officers, directors and key employees was $79k (6.6% of expenses). Other salaries and wages came to $733k. At year end it held assets of $475k against liabilities of $240k, net assets of $235k. It reported 21 employees.