Montessori Association of Covina

Analysis

Montessori Association of Covina is a registered charity in United States, based in Pomona, CA. It received its IRS tax-exemption ruling in June 1983, 43 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, Montessori Association of Covina reported income of $4.2m and spending of $4.4m, spending 103% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.3m to $4.2m (+229%), an average of +35% a year. The sharpest change came in the year to June 2020, when income rose by 122%. 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, Montessori Association of Covina sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 92nd percentile within CA. Charities of a similar size with the same main cause include Resources Exchange Association ($4.2m), Lighthouse of Broward County Inc ($4.2m) and Beam Center Inc ($4.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 1.1% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $682k (16% of expenses). Other salaries and wages came to $1.3m. At year end it held assets of $1.4m against liabilities of $734k, net assets of $692k. It reported 33 employees.