Montessori School of Florence

Analysis

Montessori School of Florence is a registered charity in United States, based in Florence, SC. It received its IRS tax-exemption ruling in March 1997, 29 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 School of Florence reported income of $1.4m and spending of $1.3m, spending 92% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.0m to $1.4m (+32%), an average of +7.3% a year. The sharpest change came in the year to June 2022, when income rose by 46%. Over the whole period it spent 85% 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 Florence sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 85th percentile within SC. Charities of a similar size with the same main cause include Hudson Valley Hospice Foundation Inc ($1.4m), Independent Marylanders Achieving Growth Through Empowerment Inc ($1.4m) and Educare Central Maine ($1.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 8.9% and program service revenue 89% of the total. Compensation of current officers, directors and key employees was $60k (4.8% of expenses). Other salaries and wages came to $631k. At year end it held assets of $3.2m against liabilities of $1.3m, net assets of $2.0m. It reported 33 employees.