Kennebec Montessori School

Analysis

Kennebec Montessori School is a registered charity in United States, based in Fairfield, ME. It received its IRS tax-exemption ruling in July 1977, 49 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, Kennebec Montessori School reported income of $1.2m and spending of $959k, spending 82% of its income. Across the 5 years on record, from August 2019 to June 2023, income grew from $944k to $1.2m (+23%), an average of +5.4% a year. The sharpest change came in the year to August 2022, when income rose by 20%. Over the whole period it spent 93% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Kennebec Montessori School sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 78th percentile within ME. Charities of a similar size with the same main cause include Madison Capitols Hockey Assoc Ltd ($1.2m), Daystar U S ($1.2m) and Mount St James Housing Development Fund Company Inc ($1.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 7.6% and program service revenue 89% of the total. Compensation of current officers, directors and key employees was $20k (2.1% of expenses). Other salaries and wages came to $600k. At year end it held assets of $2.1m against liabilities of $1.2m, net assets of $917k. It reported 39 employees.