Racine Montessori Society Inc

Analysis

Racine Montessori Society Inc is a registered charity in United States, based in Mt Pleasant, WI. It received its IRS tax-exemption ruling in September 1965, 61 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, Racine Montessori Society Inc reported income of $692k and spending of $755k, spending 109% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $888k to $692k (-22%), an average of -6.0% a year. The sharpest change came in the year to June 2022, when income dropped by 16%. Over the whole period it spent 102% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Racine Montessori Society Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 75th percentile within WI. Charities of a similar size with the same main cause include Appleseed Childhood Education Incorporated ($692k), The Lens ($692k) and Fund for Education Abroad ($692k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 3.9% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $53k (7.0% of expenses). Other salaries and wages came to $437k. At year end it held assets of $752k against liabilities of $259k, net assets of $493k. It reported 26 employees.