Montessori Hearts Childcare and Early Learning Center

Analysis

Montessori Hearts Childcare and Early Learning Center is a registered charity in United States, based in Kent, WA. It received its IRS tax-exemption ruling in July 2022, 4 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 December 2023, Montessori Hearts Childcare and Early Learning Center reported income of $821k and spending of $667k, spending 81% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $439k to $821k (+87%), an average of +37% a year. The sharpest change came in the year to December 2022, when income rose by 54%. Over the whole period it spent 84% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Montessori Hearts Childcare and Early Learning Center 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 77th percentile, and in the 76th percentile within WA. Charities of a similar size with the same main cause include Athens Pregnancy Center Inc ($821k), Vail Valley Charitable Fund Inc ($821k) and Case Management Options of Kentucky ($820k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $33k (5.0% of expenses). Other salaries and wages came to $383k. At year end it held assets of $323k against liabilities of $0, net assets of $323k. It reported 18 employees.