Reading Montessori School

Analysis

Reading Montessori School is a registered charity in United States, based in Reading, MA. It received its IRS tax-exemption ruling in June 1993, 33 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 August 2023, Reading Montessori School reported income of $694k and spending of $534k, leaving 23% of income unspent that year. Across the 5 years on record, from August 2019 to August 2023, income grew from $445k to $694k (+56%), an average of +12% a year. The sharpest change came in the year to August 2022, when income rose by 44%. Over the whole period it spent 84% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Reading Montessori School sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 75th percentile within MA. Charities of a similar size with the same main cause include High Cotton Relief Fund ($694k), Family Vision Ministries Inc ($694k) and Pivotal Directions Inc ($694k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 12% and program service revenue 87% of the total. Compensation of current officers, directors and key employees was $110k (21% of expenses). Other salaries and wages came to $237k. At year end it held assets of $1.8m against liabilities of $728k, net assets of $1.0m. It reported 11 employees.