Oakmeadow Montessori School Inc

Analysis

Oakmeadow Montessori School Inc is a registered charity in United States, based in Littleton, MA. It received its IRS tax-exemption ruling in May 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 June 2023, Oakmeadow Montessori School Inc reported income of $4.5m and spending of $4.7m, spending 102% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.0m to $4.5m (+49%), an average of +10% a year. The sharpest change came in the year to June 2022, when income rose by 51%. Over the whole period it spent 101% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Oakmeadow 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 92nd percentile, and in the 90th percentile within MA. Charities of a similar size with the same main cause include Coastalaska Inc ($4.5m), Student Transport Inc ($4.5m) and American Dairy Science Association ($4.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 1.7% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $201k (4.3% of expenses). Other salaries and wages came to $2.4m. At year end it held assets of $6.7m against liabilities of $3.4m, net assets of $3.3m. It reported 106 employees.