Ocean State Montessori School Inc

Analysis

Ocean State Montessori School Inc is a registered charity in United States, based in E Providence, RI. It received its IRS tax-exemption ruling in January 1974, 52 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 2024, Ocean State Montessori School Inc reported income of $1.8m and spending of $1.6m, spending 89% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $1.4m to $1.8m (+29%), an average of +6.6% a year. The sharpest change came in the year to June 2022, when income rose by 27%. Over the whole period it spent 91% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Ocean State Montessori School Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 81st percentile within RI. Charities of a similar size with the same main cause include International Associaton of Campus Law Enforcement Administrators Inc ($1.8m), BHC Foundation ($1.8m) and Association of Certified Biblical Counselors Inc ($1.8m).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 95% of the total. Compensation of current officers, directors and key employees was $1.1m (65% of expenses). At year end it held assets of $2.3m against liabilities of $384k, net assets of $1.9m. It reported 25 employees.