Newtown Montessori Society Inc

Analysis

Newtown Montessori Society Inc is a registered charity in United States, based in Newtown, CT. It received its IRS tax-exemption ruling in February 1972, 54 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 2023, Newtown Montessori Society Inc reported income of $4.3m and spending of $2.4m, leaving 42% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.5m to $4.3m (+68%), an average of +14% a year. The sharpest change came in the year to June 2023, when income rose by 80%. Over the whole period it spent 86% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Newtown Montessori Society Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 90th percentile within CT. Charities of a similar size with the same main cause include Icon Preparatory School Inc ($4.3m), Mercy Foundation North ($4.3m) and Texas Center for the Judiciary ($4.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 45% and program service revenue 55% of the total. Other salaries and wages came to $1.6m. At year end it held assets of $6.0m against liabilities of $2.5m, net assets of $3.5m. It reported 48 employees.