Montessori Renaissance Academy

Analysis

Montessori Renaissance Academy is a registered charity in United States, based in Anoka, MN. It received its IRS tax-exemption ruling in September 2017, 9 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 Renaissance Academy reported income of $1.4m and spending of $1.3m, spending 94% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $830k to $1.4m (+66%), an average of +14% a year. The sharpest change came in the year to June 2021, when income rose by 113%. Over the whole period it spent 94% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Montessori Renaissance Academy sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 82nd percentile within MN. Charities of a similar size with the same main cause include Summit County Preschool ($1.4m), West Ward Civic Cultural Educational Development Associatio ($1.4m) and Susan Odell Taylor School for Children ($1.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 4.4% and program service revenue 94% of the total. Compensation of current officers, directors and key employees was $60k (4.7% of expenses). Other salaries and wages came to $752k. At year end it held assets of $2.2m against liabilities of $1.7m, net assets of $443k. It reported 44 employees.