Violeta Montessori School Inc

Analysis

Violeta Montessori School Inc is a registered charity in United States, based in Cambridge, MA. It received its IRS tax-exemption ruling in February 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, Violeta Montessori School Inc reported income of $471k and spending of $501k, spending 106% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $467k to $471k (+0.9%), an average of +0.2% a year. The sharpest change came in the year to June 2022, when income rose by 35%. Over the whole period it spent 87% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Violeta Montessori School Inc 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 70th percentile within MA. Charities of a similar size with the same main cause include Ludington Public Library ($471k), Chestnut Ridge Christian Academy Inc ($471k) and Masjidullahs New Medina Learning Institute ($471k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 14% and program service revenue 82% of the total. Compensation of current officers, directors and key employees was $171k (34% of expenses). Other salaries and wages came to $99k. At year end it held assets of $488k against liabilities of $120k, net assets of $368k. It reported 9 employees.