Montessori Academy Inc

Analysis

Montessori Academy Inc is a registered charity in United States, based in Paradise Vly, AZ. It received its IRS tax-exemption ruling in September 2003, 23 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 Inc reported income of $2.7m and spending of $2.7m, spending 98% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.3m to $2.7m (+16%), an average of +3.8% a year. The sharpest change came in the year to June 2022, when income rose by 18%. 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 Inc sits at the 85th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 86th percentile within AZ. Charities of a similar size with the same main cause include Woodward Hines Education Foundation ($2.7m), Alliance for Excellent Education Inc ($2.7m) and Frankie Lemmon School and Developmental Center Inc ($2.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 71% and program service revenue 26% of the total. Compensation of current officers, directors and key employees was $231k (8.7% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $4.6m against liabilities of $4.9m, net assets of -$211k. It reported 36 employees.