Damariscotta Montessori School II

Analysis

Damariscotta Montessori School II is a registered charity in United States, based in Nobleboro, ME. It received its IRS tax-exemption ruling in September 2004, 22 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, Damariscotta Montessori School II reported income of $1.0m and spending of $1.0m, spending 104% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $805k to $1.0m (+25%), an average of +7.8% a year. The sharpest change came in the year to June 2022, when income rose by 19%. Over the whole period it spent 95% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Damariscotta Montessori School II sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 76th percentile within ME. Charities of a similar size with the same main cause include General BLDG Laborers Local 66 Training Program Fund Box 666 ($1.0m), Life Science Washington Institute ($1.0m) and Tru ($1.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 6.4% and program service revenue 91% of the total. Compensation of current officers, directors and key employees was $62k (5.9% of expenses). Other salaries and wages came to $457k. At year end it held assets of $1.8m against liabilities of $1.4m, net assets of $356k. It reported 27 employees.