Knoxville Montessori School

Analysis

Knoxville Montessori School is a registered charity in United States, based in Knoxville, TN. It received its IRS tax-exemption ruling in November 1966, 60 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, Knoxville Montessori School reported income of $965k and spending of $971k, spending 101% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $653k to $965k (+48%), an average of +10% a year. The sharpest change came in the year to June 2022, when income rose by 42%. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Knoxville Montessori School sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 81st percentile within TN. Charities of a similar size with the same main cause include Pella Christian High School Endowment Foundation Fund ($965k), Community Preschool of the Palisades Inc ($966k) and Greenwich Alliance for Educationfoundation Inc ($965k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 6.0% and program service revenue 92% of the total. Compensation of current officers, directors and key employees was $14k (1.4% of expenses). Other salaries and wages came to $540k. At year end it held assets of $2.4m against liabilities of $1.5m, net assets of $872k. It reported 26 employees.