Creative Montessori Learning Center Inc

Analysis

Creative Montessori Learning Center Inc is a registered charity in United States, based in E Palo Alto, CA. It received its IRS tax-exemption ruling in March 1978, 48 years ago. 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, Creative Montessori Learning Center Inc reported income of $2.3m and spending of $1.8m, leaving 23% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.7m to $2.3m (+33%), an average of +7.4% a year. The sharpest change came in the year to June 2023, when income rose by 34%. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Creative Montessori Learning Center Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 88th percentile within CA. Charities of a similar size with the same main cause include Mental Health Corporation of America Inc ($2.3m), Saint Johns Senior Citizen Housing Development Fund Company Inc ($2.3m) and Volunteers of America Inc ($2.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% and program service revenue 1.5% of the total. Compensation of current officers, directors and key employees was $115k (6.5% of expenses). Other salaries and wages came to $846k. At year end it held assets of $577k against liabilities of $677k, net assets of -$100k. It reported 28 employees.