The Kingsley Montessori School Inc

Analysis

The Kingsley Montessori School Inc is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in October 1946, 80 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, The Kingsley Montessori School Inc reported income of $13.3m and spending of $13.5m, spending 101% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $11.9m to $13.3m (+12%), an average of +2.9% a year. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Kingsley Montessori School Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 95th percentile within MA. Charities of a similar size with the same main cause include Lawrence School ($13.3m), Trehab ($13.3m) and National Association of Intercollegiate Athletics ($13.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 9.5% and program service revenue 90% of the total. Compensation of current officers, directors and key employees was $579k (4.3% of expenses). Other salaries and wages came to $6.2m. At year end it held assets of $21.2m against liabilities of $17.8m, net assets of $3.4m. It reported 153 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.