Andover School of Montessori Inc

Analysis

Andover School of Montessori Inc is a registered charity in United States, based in Andover, MA. It received its IRS tax-exemption ruling in February 1976, 50 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Andover School of Montessori Inc reported income of $4.2m and spending of $3.8m, spending 90% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $2.8m to $4.2m (+48%), an average of +10% a year. The sharpest change came in the year to June 2022, when income rose by 30%. Over the whole period it spent 91% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Andover School of Montessori Inc sits at the 88th percentile: it is larger than about 88% 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 Foundation for Reading Area Community College ($4.2m), West Gilbert Charter Elementary School ($4.2m) and NC State Natural Resources Foundation Inc ($4.2m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 3.7% and program service revenue 93% of the total. Other salaries and wages came to $2.2m. At year end it held assets of $7.9m against liabilities of $4.5m, net assets of $3.4m. It reported 76 employees.