Chesapeake Montessori Foundation Inc

Analysis

Chesapeake Montessori Foundation Inc is a registered charity in United States, based in Annapolis, MD. It received its IRS tax-exemption ruling in August 1981, 45 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, Chesapeake Montessori Foundation Inc reported income of $2.6m and spending of $2.6m, spending 98% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.1m to $2.6m (+25%), an average of +5.7% a year. The sharpest change came in the year to June 2023, when income rose by 22%. Over the whole period it spent 105% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Chesapeake Montessori Foundation Inc 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 MD. Charities of a similar size with the same main cause include Harrisburg Academy Foundation ($2.6m), Newroot Learning Institute ($2.6m) and Cta Foundation for Teaching and Learning ($2.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 11% and program service revenue 90% of the total. Compensation of current officers, directors and key employees was $230k (8.9% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $3.8m against liabilities of $3.3m, net assets of $433k. It reported 33 employees.