Montgomery Academy a New Jersey Non Profit Corporation

Analysis

Montgomery Academy a New Jersey Non Profit Corporation is a registered charity in United States, based in Basking Ridge, NJ. It received its IRS tax-exemption ruling in March 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 2024, Montgomery Academy a New Jersey Non Profit Corporation reported income of $7.4m and spending of $7.4m, spending 100% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $6.8m to $7.4m (+9.6%), an average of +1.9% a year. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Montgomery Academy a New Jersey Non Profit Corporation 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 94th percentile, and in the 95th percentile within NJ. Charities of a similar size with the same main cause include Legal Aid Association Greene County Missouri ($7.4m), American Association of Individual Investors ($7.4m) and Berkshire Retirement Home Inc ($7.4m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 17% and program service revenue 83% of the total. Compensation of current officers, directors and key employees was $258k (3.5% of expenses). Other salaries and wages came to $3.6m. At year end it held assets of $8.3m against liabilities of $7.4m, net assets of $908k. It reported 67 employees.