The Montclair Cooperative School Inc

Analysis

The Montclair Cooperative School Inc is a registered charity in United States, based in Montclair, NJ. It received its IRS tax-exemption ruling in June 1965, 61 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, The Montclair Cooperative School Inc reported income of $3.4m and spending of $3.7m, spending 109% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $3.8m to $3.4m (-11%), an average of -2.9% a year. Over the whole period it spent 97% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, The Montclair Cooperative School Inc 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 90th percentile, and in the 91st percentile within NJ. Charities of a similar size with the same main cause include Nustian ($3.4m), Ross Valley Charter School ($3.4m) and Maplewood School ($3.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 4.3% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $154k (4.2% of expenses). Other salaries and wages came to $2.0m. At year end it held assets of $3.0m against liabilities of $1.2m, net assets of $1.8m. It reported 48 employees.