Newton Montessori School Inc

Analysis

Newton Montessori School Inc is a registered charity in United States, based in Newton Centre, MA. It received its IRS tax-exemption ruling in April 2007, 19 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, Newton Montessori School Inc reported income of $12.5m and spending of $11.1m, spending 89% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $6.4m to $12.5m (+96%), an average of +18% a year. The sharpest change came in the year to June 2022, when income rose by 27%. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Newton Montessori School Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 95th percentile within MA. Charities of a similar size with the same main cause include Virtual Learning Academy Charter School ($12.5m), Legacy Traditional School - West Surprise ($12.5m) and Blackfeet Community College ($12.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 16% and program service revenue 85% of the total. Compensation of current officers, directors and key employees was $515k (4.7% of expenses). Other salaries and wages came to $4.9m. At year end it held assets of $5.8m against liabilities of $2.7m, net assets of $3.2m. It reported 125 employees.