Summit Montessori School

Analysis

Summit Montessori School is a registered charity in United States, based in Framingham, MA. It received its IRS tax-exemption ruling in October 1997, 29 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, Summit Montessori School reported income of $3.2m and spending of $3.2m, spending 99% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.9m to $3.2m (+70%), an average of +14% a year. The sharpest change came in the year to June 2022, when income rose by 64%. 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, Summit Montessori School 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 89th percentile, and in the 88th percentile within MA. Charities of a similar size with the same main cause include Clemson Alumni Association ($3.2m), Rit Campus Club Inc ($3.2m) and Miner Alumni Association ($3.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 12% and program service revenue 90% of the total. Compensation of current officers, directors and key employees was $208k (6.6% of expenses). Other salaries and wages came to $1.6m. At year end it held assets of $4.9m against liabilities of $2.5m, net assets of $2.4m. It reported 47 employees.