The Montessori Learning Center of Fort Walton Beach Inc

Analysis

The Montessori Learning Center of Fort Walton Beach Inc is a registered charity in United States, based in Ft Walton BCH, FL. It received its IRS tax-exemption ruling in July 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, The Montessori Learning Center of Fort Walton Beach Inc reported income of $670k and spending of $615k, spending 92% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $520k to $670k (+29%), an average of +8.8% a year. The sharpest change came in the year to June 2021, when income rose by 21%. Over the whole period it spent 80% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, The Montessori Learning Center of Fort Walton Beach Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 77th percentile within FL. Charities of a similar size with the same main cause include Long Beach Blast - Better Learning for All Students Today ($670k), American Christian School and Art Center Inc ($670k) and The Thaddeus Stevens School Inc ($670k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.1% and program service revenue 95% of the total. Other salaries and wages came to $447k. At year end it held assets of $732k against liabilities of $98k, net assets of $634k. It reported 25 employees.