Phoenix Montessori Academy

Analysis

Phoenix Montessori Academy is a registered charity in United States, based in Huntersville, NC. It received its IRS tax-exemption ruling in May 2005, 21 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, Phoenix Montessori Academy reported income of $2.8m and spending of $2.4m, spending 86% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.3m to $2.8m (+119%), an average of +22% a year. The sharpest change came in the year to June 2022, when income rose by 56%. Over the whole period it spent 93% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Phoenix Montessori Academy sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 90th percentile within NC. Charities of a similar size with the same main cause include Covenant Christian Inc ($2.8m), Virginia Mason Institute ($2.8m) and Mechanical Contractors Apprentice- Ship & Training Reimbursement Fund ($2.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.1% and program service revenue 100% of the total. Compensation of current officers, directors and key employees was $106k (4.4% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $1.4m against liabilities of $740k, net assets of $617k. It reported 29 employees.