Granite Bay Montessori

Analysis

Granite Bay Montessori is a registered charity in United States, based in Granite Bay, CA. It received its IRS tax-exemption ruling in February 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 August 2023, Granite Bay Montessori reported income of $2.1m and spending of $1.8m, spending 87% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $1.5m to $2.1m (+39%), an average of +8.6% a year. The sharpest change came in the year to August 2021, when income rose by 15%. Over the whole period it spent 87% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Granite Bay Montessori sits at the 83rd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 87th percentile within CA. Charities of a similar size with the same main cause include Aurora Waasakone Community of Learners ($2.1m), Gardere Community Christian School ($2.1m) and Roots Montessori School ($2.1m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 1.0% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $84k (4.6% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $1.7m against liabilities of $260k, net assets of $1.4m. It reported 27 employees.