Intercultural Montessori Foreign Language Immersion School

Analysis

Intercultural Montessori Foreign Language Immersion School is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in May 2006, 20 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 August 2023, Intercultural Montessori Foreign Language Immersion School reported income of $6.5m and spending of $6.6m, spending 101% of its income. Across the 4 years on record, from August 2020 to August 2023, income grew from $5.8m to $6.5m (+12%), an average of +4.0% a year. Over the whole period it spent 98% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Intercultural Montessori Foreign Language Immersion School sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 93rd percentile within IL. Charities of a similar size with the same main cause include Winona State University Foundation ($6.5m), Cabarrus County Partnership for Children ($6.5m) and Glencoe Education Foundation Inc ($6.5m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 3.8% and program service revenue 92% of the total. Compensation of current officers, directors and key employees was $181k (2.8% of expenses). Other salaries and wages came to $3.0m. At year end it held assets of $23.6m against liabilities of $20.0m, net assets of $3.6m. It reported 101 employees.