Khalsa Montessori Elementary School

Analysis

Khalsa Montessori Elementary School is a registered charity in United States, based in Phoenix, AZ. It received its IRS tax-exemption ruling in August 1998, 28 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, Khalsa Montessori Elementary School reported income of $1.5m and spending of $1.5m, spending 98% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.5m to $1.5m (-0.4%), an average of -0.1% a year. Over the whole period it spent 90% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Khalsa Montessori Elementary School sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 81st percentile within AZ. Charities of a similar size with the same main cause include Great Expectations Foundation ($1.5m), Pathnorth Inc ($1.5m) and Friends of Academy of the City Inc ($1.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 96% and program service revenue 10% of the total. Compensation of current officers, directors and key employees was $139k (9.2% of expenses). Other salaries and wages came to $644k. At year end it held assets of $2.5m against liabilities of $1.1m, net assets of $1.4m. It reported 43 employees.