Heartwood Montessori School - Northeast

Analysis

Heartwood Montessori School - Northeast is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in April 2015, 11 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending July 2023, Heartwood Montessori School - Northeast reported income of $800k and spending of $852k, spending 106% of what it took in. Across the 4 years on record, from July 2020 to July 2023, income grew from $254k to $800k (+215%), an average of +46% a year. The sharpest change came in the year to July 2021, when income rose by 85%. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Heartwood Montessori School - Northeast sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 76th percentile within MN. Charities of a similar size with the same main cause include Urban School Food Alliance Inc ($800k), MCC Foundation Inc ($800k) and Life Strategies Counseling ($800k).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 13% and program service revenue 87% of the total. Compensation of current officers, directors and key employees was $78k (9.2% of expenses). Other salaries and wages came to $508k. At year end it held assets of $342k against liabilities of $278k, net assets of $64k. It reported 25 employees.