Montessori Childrens House of Nantucket Inc

Analysis

Montessori Childrens House of Nantucket Inc is a registered charity in United States, based in Nantucket, MA. It received its IRS tax-exemption ruling in January 1984, 42 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, Montessori Childrens House of Nantucket Inc reported income of $559k and spending of $561k, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $505k to $559k (+11%), an average of +2.6% a year. The sharpest change came in the year to June 2021, when income rose by 26%. Over the whole period it spent 88% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Montessori Childrens House of Nantucket Inc sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 72nd percentile within MA. Charities of a similar size with the same main cause include 21st Century Global Missions ($559k), Morris Plains Cooperative Play School ($560k) and Chicago Friends School ($559k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 16% and program service revenue 85% of the total. Compensation of current officers, directors and key employees was $99k (18% of expenses). Other salaries and wages came to $276k. At year end it held assets of $2.9m against liabilities of $1.3m, net assets of $1.5m. It reported 9 employees.