Raritan Valley Montessori Academy Inc

Analysis

Raritan Valley Montessori Academy Inc is a registered charity in United States, based in Bridgewater, NJ. It received its IRS tax-exemption ruling in July 1998, 28 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, Raritan Valley Montessori Academy Inc reported income of $1.2m and spending of $1.2m, spending 97% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.2m to $1.2m (-1.8%), an average of -0.4% a year. The sharpest change came in the year to June 2022, when income rose by 105%. 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, Raritan Valley Montessori Academy Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 84th percentile within NJ. Charities of a similar size with the same main cause include Dignity Best Practices ($1.2m), Clementine Lockwood Peterson Foundation ($1.2m) and Beauty Changes Lives ($1.2m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 99% of the total. Compensation of current officers, directors and key employees was $63k (5.3% of expenses). At year end it held assets of $578k against liabilities of $260k, net assets of $319k. It reported 23 employees.