Thacher Montessori School Inc

Analysis

Thacher Montessori School Inc is a registered charity in United States, based in Milton, MA. It received its IRS tax-exemption ruling in March 1978, 48 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 August 2023, Thacher Montessori School Inc reported income of $4.5m and spending of $3.5m, leaving 22% of income unspent that year. Across the 4 years on record, from August 2020 to August 2023, income grew from $4.1m to $4.5m (+9.3%), an average of +3.0% a year. The sharpest change came in the year to August 2023, when income rose by 27%. Over the whole period it spent 91% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Thacher Montessori School Inc 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 90th percentile within MA. Charities of a similar size with the same main cause include United States Justice Foundation ($4.5m), Childrens Place Inc ($4.5m) and Meadville Physician Services ($4.5m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 18% and program service revenue 79% of the total. Compensation of current officers, directors and key employees was $244k (7.0% of expenses). Other salaries and wages came to $1.8m. At year end it held assets of $6.6m against liabilities of $2.6m, net assets of $4.0m. It reported 69 employees.