May Sands Montessori School Inc

Analysis

May Sands Montessori School Inc is a registered charity in United States, based in Key West, FL. It received its IRS tax-exemption ruling in September 1998, 28 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, May Sands Montessori School Inc reported income of $1.5m and spending of $1.5m, spending 98% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.5m to $1.5m (+1.0%), an average of +0.2% a year. The sharpest change came in the year to June 2021, when income rose by 31%. 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, May Sands Montessori School Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 85th percentile within FL. Charities of a similar size with the same main cause include Scottsdale Country Day School ($1.5m), Gem Innovatoin Schools of Idaho Inc ($1.5m) and City Neighbors Foundation Inc ($1.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 7.8% and program service revenue 93% of the total. Compensation of current officers, directors and key employees was $82k (5.6% of expenses). Other salaries and wages came to $797k. At year end it held assets of $1.3m against liabilities of $482k, net assets of $800k. It reported 19 employees.