Harbour Pointe Montessori Early Learning Center

Analysis

Harbour Pointe Montessori Early Learning Center is a registered charity in United States, based in Mukilteo, WA. It received its IRS tax-exemption ruling in September 2007, 19 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 2023, Harbour Pointe Montessori Early Learning Center reported income of $417k and spending of $448k, spending 108% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $318k to $417k (+31%), an average of +7.0% a year. The sharpest change came in the year to December 2021, when income rose by 50%. Over the whole period it spent 104% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Harbour Pointe Montessori Early Learning Center sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 66th percentile within WA. Charities of a similar size with the same main cause include Gateway Community and Technical College Foundation Inc ($417k), Paltrek ($417k) and Oregon Performing Arts Academy ($417k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.5% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $35k (7.9% of expenses). Other salaries and wages came to $219k. At year end it held assets of $21k against liabilities of $28k, net assets of -$6,823. It reported 11 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.