The Riverbend Center for Montessori Excellence Inc

Analysis

The Riverbend Center for Montessori Excellence Inc is a registered charity in United States, based in Natick, MA. It received its IRS tax-exemption ruling in August 1971, 55 years ago. 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, The Riverbend Center for Montessori Excellence Inc reported income of $6.0m and spending of $5.8m, spending 97% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $5.2m to $6.0m (+15%), an average of +3.5% a year. The sharpest change came in the year to June 2022, when income rose by 17%. Over the whole period it spent 90% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Riverbend Center for Montessori Excellence Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 92nd percentile within MA. Charities of a similar size with the same main cause include Igivecatholic ($6.0m), Boys & Girls Club of Stamford Inc ($6.0m) and Society for Information Display ($5.9m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 2.4% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $344k (5.9% of expenses). Other salaries and wages came to $3.1m. At year end it held assets of $16.2m against liabilities of $10.4m, net assets of $5.8m. It reported 80 employees.