Montessori New Beginnings Academy Inc

Analysis

Montessori New Beginnings Academy Inc is a registered charity in United States, based in Plano, TX. It received its IRS tax-exemption ruling in June 1990, 36 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 December 2023, Montessori New Beginnings Academy Inc reported income of $5.3m and spending of $4.1m, leaving 21% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.2m to $5.3m (+136%), an average of +24% a year. The sharpest change came in the year to December 2021, when income rose by 145%. Over the whole period it spent 89% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Montessori New Beginnings Academy Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 94th percentile within TX. Charities of a similar size with the same main cause include Community College Foundation ($5.3m), Chi Psi Educational Trust Inc ($5.3m) and Yavapai College Foundation ($5.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 18% and program service revenue 80% of the total. Compensation of current officers, directors and key employees was $141k (3.4% of expenses). Other salaries and wages came to $1.7m. At year end it held assets of $13.4m against liabilities of $9.7m, net assets of $3.7m. It reported 63 employees.