Montessori Learning Community of Asheville Inc

Analysis

Montessori Learning Community of Asheville Inc is a registered charity in United States, based in Asheville, NC. It received its IRS tax-exemption ruling in April 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 2022, Montessori Learning Community of Asheville Inc reported income of $931k and spending of $882k, spending 95% of its income. Across the 4 years on record, from December 2019 to December 2022, income grew from $309k to $931k (+202%), an average of +44% a year. The sharpest change came in the year to December 2021, when income rose by 94%. Over the whole period it spent 103% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Montessori Learning Community of Asheville Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 79th percentile within NC. Charities of a similar size with the same main cause include Meadows Academy Preschool Inc ($931k), Otsego Christian School Association Inc ($931k) and The Locker Foundation ($931k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 17% and program service revenue 83% of the total. Compensation of current officers, directors and key employees was $58k (6.6% of expenses). Other salaries and wages came to $583k. At year end it held assets of $121k against liabilities of $166k, net assets of -$45k. It reported 29 employees.