Montessori Elementary School of Columbia Inc

Analysis

Montessori Elementary School of Columbia Inc is a registered charity in United States, based in Columbia, SC. It received its IRS tax-exemption ruling in May 1984, 42 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, Montessori Elementary School of Columbia Inc reported income of $1.8m and spending of $1.7m, spending 94% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $1.4m to $1.8m (+28%), an average of +8.5% a year. The sharpest change came in the year to June 2021, when income rose by 40%. Over the whole period it spent 78% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Montessori Elementary School of Columbia Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 88th percentile within SC. Charities of a similar size with the same main cause include Krishnamurti Foundation of America ($1.8m), Yerkes Future Foundation Inc ($1.8m) and Ross School Foundation ($1.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 2.8% and program service revenue 92% of the total. Other salaries and wages came to $1.0m. At year end it held assets of $4.2m against liabilities of $1.4m, net assets of $2.8m. It reported 41 employees.