Southlake Montessori

Analysis

Southlake Montessori is a registered charity in United States, based in Southlake, TX. It received its IRS tax-exemption ruling in March 2015, 11 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 2024, Southlake Montessori reported income of $638k and spending of $559k, spending 88% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $430k to $638k (+48%), an average of +8.2% a year. The sharpest change came in the year to June 2022, when income rose by 80%. 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, Southlake Montessori sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 78th percentile within TX. Charities of a similar size with the same main cause include McAllen Society for the Performing Arts ($638k), Denton Child Development Center Inc ($638k) and Switzerland County Public School Endowment Corproation ($638k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 21% and program service revenue 76% of the total. Compensation of current officers, directors and key employees was $43k (7.7% of expenses). Other salaries and wages came to $269k. At year end it held assets of $486k against liabilities of $107k, net assets of $379k. It reported 10 employees.