Wellesley Montessori School Inc

Analysis

Wellesley Montessori School Inc is a registered charity in United States, based in Wellesley, MA. It received its IRS tax-exemption ruling in January 1987, 39 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Wellesley Montessori School Inc reported income of $1.0m and spending of $1.1m, spending 103% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $659k to $1.0m (+58%), an average of +12% a year. The sharpest change came in the year to June 2022, when income rose by 69%. Over the whole period it spent 110% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Wellesley Montessori School Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 79th percentile within MA. Charities of a similar size with the same main cause include Yeshiva Chayei Olam ($1.0m), Central Atlantic Collegiate Conference Inc ($1.0m) and Perham Area Activity Center ($1.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 9.5% and program service revenue 87% of the total. Compensation of current officers, directors and key employees was $138k (13% of expenses). Other salaries and wages came to $327k. At year end it held assets of $1.1m against liabilities of $68k, net assets of $1000k. It reported 14 employees.