Island Montessori School

Analysis

Island Montessori School is a registered charity in United States, based in Wilmington, NC. It received its IRS tax-exemption ruling in September 2015, 11 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Island Montessori School reported income of $470k and spending of $413k, spending 88% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $320k to $470k (+47%), an average of +10% a year. The sharpest change came in the year to June 2022, when income rose by 23%. Over the whole period it spent 91% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Island Montessori School sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 69th percentile within NC. Charities of a similar size with the same main cause include Kore Academy Inc ($470k), Childrens Center of John Jay College of Criminal Justice Inc ($470k) and Fospe Inc ($469k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 0.0% and program service revenue 100% of the total. Other salaries and wages came to $234k. At year end it held assets of $237k against liabilities of $0, net assets of $237k.