Swannanoa Valley Montessori School

Analysis

Swannanoa Valley Montessori School is a registered charity in United States, based in Black MTN, NC. It received its IRS tax-exemption ruling in October 2003, 23 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, Swannanoa Valley Montessori School reported income of $553k and spending of $641k, spending 116% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income fell from $561k to $553k (-1.4%), an average of -0.3% a year. The sharpest change came in the year to June 2022, when income rose by 117%. Over the whole period it spent 95% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Swannanoa Valley Montessori School sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 71st percentile within NC. Charities of a similar size with the same main cause include Friends of the Library ($553k), Philadelphia Area Center for History of Science ($553k) and Westside Scouters ($553k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 8.1% and program service revenue 91% of the total. Compensation of current officers, directors and key employees was $71k (11% of expenses). Other salaries and wages came to $377k. At year end it held assets of $322k against liabilities of $74k, net assets of $248k. It reported 13 employees.