Montessori School of McLean

Analysis

Montessori School of McLean is a registered charity in United States, based in McLean, VA. It received its IRS tax-exemption ruling in November 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 July 2023, Montessori School of McLean reported income of $5.1m and spending of $4.6m, spending 91% of its income. Across the 5 years on record, from July 2019 to July 2023, income grew from $3.7m to $5.1m (+38%), an average of +8.4% a year. The sharpest change came in the year to July 2022, when income rose by 42%. Over the whole period it spent 94% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Montessori School of McLean sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 93rd percentile within VA. Charities of a similar size with the same main cause include LA Academia-The Partnership Charter School ($5.1m), Cultural Arts Academy Charter School at Spring Creek ($5.1m) and Denver Academy of Torah ($5.1m).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 3.7% and program service revenue 93% of the total. Compensation of current officers, directors and key employees was $238k (5.2% of expenses). Other salaries and wages came to $1.8m. At year end it held assets of $15.9m against liabilities of $7.7m, net assets of $8.2m. It reported 70 employees.