Madison Montessori School

Analysis

Madison Montessori School is a registered charity in United States, based in Madison, NJ. It received its IRS tax-exemption ruling in January 1983, 43 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 2024, Madison Montessori School reported income of $897k and spending of $714k, leaving 20% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $686k to $897k (+31%), an average of +6.9% a year. The sharpest change came in the year to June 2022, when income rose by 29%. Over the whole period it spent 83% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Madison Montessori School sits at the 75th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 81st percentile within NJ. Charities of a similar size with the same main cause include Makom Community ($896k), The Center for Applied Learning and Leadership ($897k) and Ponderosa Montessori Inc ($896k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 15% and program service revenue 79% of the total. Compensation of current officers, directors and key employees was $159k (22% of expenses). Other salaries and wages came to $309k. It paid $5,560 in professional fundraising fees. At year end it held assets of $1.8m against liabilities of $474k, net assets of $1.3m. It reported 18 employees.