Parents for Montessori Education Inc

Analysis

Parents for Montessori Education Inc is a registered charity in United States, based in Annapolis, MD. It received its IRS tax-exemption ruling in September 1987, 39 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, Parents for Montessori Education Inc reported income of $2.7m and spending of $2.0m, leaving 25% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $2.0m to $2.7m (+36%), an average of +11% a year. The sharpest change came in the year to June 2022, when income rose by 28%. Over the whole period it spent 83% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Parents for Montessori Education 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 Vermont Flight Academy Inc ($2.7m), Poder Academy Incorporated ($2.7m) and Procedural Learning and Safety Collaborative ($2.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 3.5% and program service revenue 84% of the total. Compensation of current officers, directors and key employees was $116k (5.8% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $7.3m against liabilities of $1.1m, net assets of $6.2m. It reported 27 employees.