Covington Community Montessori Inc

Analysis

Covington Community Montessori Inc is a registered charity in United States, based in Fort Wright, KY. It received its IRS tax-exemption ruling in November 2020, 6 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 2022, Covington Community Montessori Inc reported income of $696k and spending of $607k, spending 87% of its income. Across the 2 years on record, from June 2021 to June 2022, income grew from $648k to $696k (+7.5%), an average of +7.5% a year. Over the whole period it spent 103% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Covington Community Montessori Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 76th percentile within KY. Charities of a similar size with the same main cause include Independent Schools Corporate Tax Foundation ($696k), Redlands Community College Foundation Inc ($696k) and Ada University Foundation ($696k).

On its Form 990 for the period ending June 2022, revenue came from contributions and grants 42% and program service revenue 58% of the total. Other salaries and wages came to $275k. At year end it held assets of $261k against liabilities of $301k, net assets of -$40k. It reported 10 employees.