Latin American Montessori Bilingual Public Charter School

Analysis

Latin American Montessori Bilingual Public Charter School is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in August 2003, 23 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, Latin American Montessori Bilingual Public Charter School reported income of $15.0m and spending of $15.1m, spending 101% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $10.7m to $15.0m (+40%), an average of +8.8% a year. The sharpest change came in the year to June 2022, when income rose by 17%. Over the whole period it spent 102% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Latin American Montessori Bilingual Public Charter School sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 91st percentile within DC. Charities of a similar size with the same main cause include Academia Antonia Alonso ($15.0m), Cornerstone Charter Academy ($15.0m) and D Arbonne Woods Charter School Inc ($15.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 11% and program service revenue 88% of the total. Compensation of current officers, directors and key employees was $768k (5.1% of expenses). Other salaries and wages came to $6.9m. At year end it held assets of $44.5m against liabilities of $38.7m, net assets of $5.8m. It reported 161 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.