Three Rivers Montessori

Analysis

Three Rivers Montessori is a registered charity in United States, based in Elk River, MN. 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 June 2023, Three Rivers Montessori reported income of $2.1m and spending of $2.5m, spending 119% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $100k to $2.1m (+2045%), an average of +178% a year. The sharpest change came in the year to June 2021, when income rose by 1136%. Over the whole period it spent 109% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Three Rivers Montessori sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 86th percentile within MN. Charities of a similar size with the same main cause include Diversity Richmond ($2.1m), New Hampshire Learning Initiative Inc ($2.1m) and Hasan Educational Services Inc ($2.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% and program service revenue 1.2% of the total. Compensation of current officers, directors and key employees was $233k (9.2% of expenses). Other salaries and wages came to $808k. At year end it held assets of $1.4m against liabilities of $2.0m, net assets of -$518k. It reported 69 employees.