Somerset Hills Montessori School

Analysis

Somerset Hills Montessori School is a registered charity in United States, based in Basking Ridge, NJ. It received its IRS tax-exemption ruling in April 1980, 46 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Somerset Hills Montessori School reported income of $940k and spending of $877k, spending 93% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $623k to $940k (+51%), an average of +11% a year. The sharpest change came in the year to December 2022, when income rose by 49%. Over the whole period it spent 99% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Somerset Hills Montessori School sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 82nd percentile within NJ. Charities of a similar size with the same main cause include Westshore Montessori Association ($939k), Kernel University ($940k) and Challenge Foundation Arizona ($939k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $152k (17% of expenses). Other salaries and wages came to $451k. At year end it held assets of $618k against liabilities of $0, net assets of $618k. It reported 22 employees.