Vincent Mastro Montessori Academy Inc

Analysis

Vincent Mastro Montessori Academy Inc is a registered charity in United States, based in Shrewsbury, 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, Vincent Mastro Montessori Academy Inc reported income of $1.9m and spending of $1.5m, spending 81% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.5m to $1.9m (+28%), an average of +6.3% a year. The sharpest change came in the year to June 2022, when income rose by 32%. Over the whole period it spent 86% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Vincent Mastro Montessori Academy 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 85th percentile, and in the 87th percentile within NJ. Charities of a similar size with the same main cause include Dutchess Community College Foundation Inc ($1.9m), Bay Area Hispano Institute for Advancement ($1.9m) and Spring Garden Waldorf School ($1.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.2% and program service revenue 93% of the total. Compensation of current officers, directors and key employees was $121k (7.9% of expenses). Other salaries and wages came to $711k. At year end it held assets of $6.0m against liabilities of $2.4m, net assets of $3.6m. It reported 27 employees.