Magnolia Montessori

Analysis

Magnolia Montessori is a registered charity in United States, based in Louisville, KY. It received its IRS tax-exemption ruling in March 2018, 8 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 July 2024, Magnolia Montessori reported income of $290k and spending of $344k, spending 119% of what it took in. Across the 4 years on record, from July 2021 to July 2024, income fell from $293k to $290k (-0.8%), an average of -0.3% a year. The sharpest change came in the year to July 2022, when income rose by 49%. Over the whole period it spent 88% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Magnolia Montessori sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 61st percentile within KY. Charities of a similar size with the same main cause include Construction MGMT Association of America Socal Chapter Foundation ($290k), Capuchino High School Alumni Association ($290k) and Holly Springs High School Band Boosters ($290k).

On its Form 990 for the period ending July 2024, revenue came from contributions and grants 0.0% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $80k (23% of expenses). Other salaries and wages came to $143k. At year end it held assets of $218k against liabilities of $1, net assets of $218k. It reported 14 employees.