Montessori Center School at Santa Barbara & Students Inc

Analysis

Montessori Center School at Santa Barbara & Students Inc is a registered charity in United States, based in Goleta, CA. It received its IRS tax-exemption ruling in December 1972, 54 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, Montessori Center School at Santa Barbara & Students Inc reported income of $5.0m and spending of $5.1m, spending 101% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $4.2m to $5.0m (+21%), an average of +4.8% a year. The sharpest change came in the year to June 2022, when income rose by 23%. Over the whole period it spent 95% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Montessori Center School at Santa Barbara & Students Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 92nd percentile within CA. Charities of a similar size with the same main cause include Hope Charter School Inc ($5.0m), Ignite Entrepreneurship Academy Inc ($5.0m) and Philadelphia Montessori Charter School ($5.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 2.5% and program service revenue 94% of the total. Compensation of current officers, directors and key employees was $179k (3.5% of expenses). Other salaries and wages came to $2.7m. At year end it held assets of $10.5m against liabilities of $2.9m, net assets of $7.6m. It reported 70 employees.