Montessori Academy of Early Enrichment Inc

Analysis

Montessori Academy of Early Enrichment Inc is a registered charity in United States, based in Greenacres, FL. It received its IRS tax-exemption ruling in January 2008, 18 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, Montessori Academy of Early Enrichment Inc reported income of $2.8m and spending of $2.4m, spending 85% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.9m to $2.8m (+53%), an average of +11% a year. The sharpest change came in the year to June 2023, when income rose by 31%. Over the whole period it spent 97% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Montessori Academy of Early Enrichment Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 90th percentile within FL. Charities of a similar size with the same main cause include Kessler School Inc ($2.8m), Torrington Library ($2.8m) and Valley Preparatory School ($2.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $121k (5.0% of expenses). Other salaries and wages came to $1.3m. At year end it held assets of $1.1m against liabilities of $487k, net assets of $639k. It reported 31 employees.