Castle Island Bilingual Montessori

Analysis

Castle Island Bilingual Montessori is a registered charity in United States, based in Albany, NY. It received its IRS tax-exemption ruling in January 2014, 12 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, Castle Island Bilingual Montessori reported income of $631k and spending of $635k, spending 101% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $304k to $631k (+108%), an average of +16% a year. The sharpest change came in the year to June 2022, when income rose by 34%. Over the whole period it spent 97% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Castle Island Bilingual Montessori sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 69th percentile within NY. Charities of a similar size with the same main cause include Razias Ray of Hope Foundation ($631k), Eugene Education Foundation ($631k) and Sunshine Cottage Land Corporation ($631k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 9.4% and program service revenue 90% of the total. Compensation of current officers, directors and key employees was $85k (13% of expenses). Other salaries and wages came to $340k. At year end it held assets of $67k against liabilities of $70k, net assets of -$2,857. It reported 15 employees.