Sophia Montessori Academy

Analysis

Sophia Montessori Academy is a registered charity in United States, based in Denver, CO. It received its IRS tax-exemption ruling in November 2019, 7 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, Sophia Montessori Academy reported income of $441k and spending of $451k, spending 102% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $236k to $441k (+87%), an average of +23% a year. The sharpest change came in the year to June 2022, when income rose by 61%. Over the whole period it spent 87% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Sophia Montessori Academy sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 66th percentile within CO. Charities of a similar size with the same main cause include The Commons Law Center ($441k), Adult School of the Chathams Madison & Florham Park ($441k) and Ahepa 296 Inc ($441k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 50% and program service revenue 50% of the total. Compensation of current officers, directors and key employees was $49k (11% of expenses). Other salaries and wages came to $144k. At year end it held assets of $257k against liabilities of -$3,962, net assets of $261k. It reported 8 employees.