Modern Montessori Charter School

Analysis

Modern Montessori Charter School is a registered charity in United States, based in Champlin, MN. It received its IRS tax-exemption ruling in May 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, Modern Montessori Charter School reported income of $2.4m and spending of $2.9m, spending 124% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $1.3m to $2.4m (+82%), an average of +22% a year. The sharpest change came in the year to June 2021, when income rose by 36%. Over the whole period it spent 110% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Modern Montessori Charter School sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 86th percentile within MN. Charities of a similar size with the same main cause include Saints Foundation ($2.4m), Dental Foundation of North Carolina Inc Dr John C Brauer ($2.4m) and Independent Colleges of Washington ($2.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 92% and program service revenue 7.6% of the total. Compensation of current officers, directors and key employees was $125k (4.3% of expenses). Other salaries and wages came to $989k. At year end it held assets of $5.7m against liabilities of $6.5m, net assets of -$796k. It reported 61 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.