Old Colony Montessori School Inc

Analysis

Old Colony Montessori School Inc is a registered charity in United States, based in Hingham, MA. It received its IRS tax-exemption ruling in July 1964, 62 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, Old Colony Montessori School Inc reported income of $1.6m and spending of $1.4m, spending 90% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $1.2m to $1.6m (+37%), an average of +11% a year. The sharpest change came in the year to June 2022, when income rose by 17%. Over the whole period it spent 90% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Old Colony Montessori School Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 83rd percentile within MA. Charities of a similar size with the same main cause include Massachusetts Taxpayers Foundation Inc ($1.6m), El Paso Matters Inc ($1.6m) and Southwestern Texas Synod Outdoor an D Retreat Ministries Inc Dba Cross ($1.6m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 99% of the total. Other salaries and wages came to $890k. At year end it held assets of $2.9m against liabilities of $671k, net assets of $2.2m. It reported 24 employees.