Amarillo Montessori Academy

Analysis

Amarillo Montessori Academy is a registered charity in United States, based in Amarillo, TX. It received its IRS tax-exemption ruling in May 1975, 51 years ago. 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 July 2023, Amarillo Montessori Academy reported income of $2.1m and spending of $1.9m, spending 87% of its income. Across the 5 years on record, from July 2019 to July 2023, income grew from $2.0m to $2.1m (+9.8%), an average of +2.4% a year. The sharpest change came in the year to July 2021, when income rose by 18%. Over the whole period it spent 91% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Amarillo Montessori Academy sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 90th percentile within TX. Charities of a similar size with the same main cause include Housatonic Valley Waldorf School Association Inc ($2.1m), A a a Womens Services Inc ($2.1m) and Oak Hill School ($2.1m).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 22% and program service revenue 78% of the total. Compensation of current officers, directors and key employees was $103k (5.5% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $1.4m against liabilities of $572k, net assets of $871k. It reported 113 employees.