Grace Montessori Academy Inc

Analysis

Grace Montessori Academy Inc is a registered charity in United States, based in Billings, MT. It received its IRS tax-exemption ruling in October 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 June 2023, Grace Montessori Academy Inc reported income of $1.5m and spending of $1.2m, leaving 21% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.1m to $1.5m (+33%), an average of +7.4% a year. The sharpest change came in the year to June 2021, when income rose by 22%. Over the whole period it spent 86% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Grace Montessori Academy Inc 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 MT. Charities of a similar size with the same main cause include Western Nebraska Community College Foundation ($1.5m), Williamson Christian College ($1.5m) and Upland Hills Farm School ($1.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 29% and program service revenue 65% of the total. Compensation of current officers, directors and key employees was $47k (4.0% of expenses). Other salaries and wages came to $640k. At year end it held assets of $4.0m against liabilities of $1.8m, net assets of $2.2m. It reported 48 employees.