Waypoint Montessori

Analysis

Waypoint Montessori is a registered charity in United States, based in Colleyville, TX. It received its IRS tax-exemption ruling in September 1974, 52 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 2023, Waypoint Montessori reported income of $2.1m and spending of $1.9m, spending 94% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $1.9m to $2.1m (+7.8%), an average of +2.5% a year. The sharpest change came in the year to June 2022, when income rose by 29%. Over the whole period it spent 92% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Waypoint Montessori sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 89th percentile within TX. Charities of a similar size with the same main cause include Kirby Enterprises ($2.1m), American Promise Education Fund Inc ($2.1m) and Roanoke Island Historical Association Inc ($2.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 3.1% and program service revenue 96% of the total. Other salaries and wages came to $1.2m. At year end it held assets of $4.3m against liabilities of $1.9m, net assets of $2.4m. It reported 47 employees.