Aster Montessori School Inc

Analysis

Aster Montessori School Inc is a registered charity in United States, based in Cambridge, MA. It received its IRS tax-exemption ruling in September 2016, 10 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, Aster Montessori School Inc reported income of $561k and spending of $533k, spending 95% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $416k to $561k (+35%), an average of +7.8% a year. The sharpest change came in the year to June 2022, when income rose by 43%. Over the whole period it spent 92% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Aster Montessori School Inc sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 72nd percentile within MA. Charities of a similar size with the same main cause include South Carolina First Steps to School Readiness Board of Trustees ($561k), American Friends of Darchei Avot ($561k) and Jackson Community College Foundation ($561k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 18% and program service revenue 82% of the total. Compensation of current officers, directors and key employees was $202k (38% of expenses). Other salaries and wages came to $149k. At year end it held assets of $168k against liabilities of $276k, net assets of -$108k. It reported 4 employees.