Acorn Montessori School Inc

Analysis

Acorn Montessori School Inc is a registered charity in United States, based in Lebanon, NJ. It received its IRS tax-exemption ruling in May 1986, 40 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, Acorn Montessori School Inc reported income of $1.9m and spending of $1.7m, spending 90% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.6m to $1.9m (+23%), an average of +5.2% a year. The sharpest change came in the year to June 2022, when income rose by 96%. Over the whole period it spent 90% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Acorn Montessori School Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 88th percentile within NJ. Charities of a similar size with the same main cause include Cutchogue New Suffolk Free Library ($1.9m), Mount Royal Academy Inc ($1.9m) and Howard School ($1.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.5% and program service revenue 94% of the total. Compensation of current officers, directors and key employees was $105k (6.1% of expenses). Other salaries and wages came to $932k. At year end it held assets of $3.3m against liabilities of $2.3m, net assets of $993k. It reported 44 employees.