Adams Montessori School Inc

Analysis

Adams Montessori School Inc is a registered charity in United States, based in Quincy, MA. It received its IRS tax-exemption ruling in June 1983, 43 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Adams Montessori School Inc reported income of $2.2m and spending of $2.0m, spending 91% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.5m to $2.2m (+43%), an average of +9.4% a year. The sharpest change came in the year to June 2022, when income rose by 38%. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Adams Montessori School Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 85th percentile within MA. Charities of a similar size with the same main cause include Benevolent Fraternity of Unitarian Church ($2.2m), Kimberly Home Inc ($2.2m) and Habitat for Humanity International Inc ($2.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 11% and program service revenue 88% of the total. Compensation of current officers, directors and key employees was $151k (7.7% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $4.2m against liabilities of $1.0m, net assets of $3.1m. It reported 29 employees.