Innovation Montessori Ocoee Inc

Analysis

Innovation Montessori Ocoee Inc is a registered charity in United States, based in Ocoee, FL. It received its IRS tax-exemption ruling in August 2012, 14 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 2024, Innovation Montessori Ocoee Inc reported income of $11.0m and spending of $11.1m, spending 101% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $6.4m to $11.0m (+72%), an average of +14% a year. The sharpest change came in the year to June 2024, when income rose by 30%. Over the whole period it spent 100% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Innovation Montessori Ocoee Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within FL. Charities of a similar size with the same main cause include Reach Academy Charter School ($11.0m), Baden Academy Charter School ($11.0m) and Presidio Hill School ($11.0m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 86% and program service revenue 11% of the total. Other salaries and wages came to $5.1m. At year end it held assets of $27.7m against liabilities of $27.7m, net assets of -$92k. It reported 193 employees.