Hockessin Montessori School Wilmington Montessori Assn Inc

Analysis

Hockessin Montessori School Wilmington Montessori Assn Inc is a registered charity in United States, based in Hockessin, DE. It received its IRS tax-exemption ruling in May 1982, 44 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 August 2023, Hockessin Montessori School Wilmington Montessori Assn Inc reported income of $3.5m and spending of $3.3m, spending 93% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $1.8m to $3.5m (+97%), an average of +18% a year. The sharpest change came in the year to August 2022, when income rose by 59%. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Hockessin Montessori School Wilmington Montessori Assn Inc sits at the 87th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 90th percentile within DE. Charities of a similar size with the same main cause include Morgan Community College Foundation ($3.5m), Seattle Classical Christian School ($3.5m) and Southeastern Regional Education Service Center Inc ($3.5m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 0.9% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $119k (3.7% of expenses). Other salaries and wages came to $1.6m. At year end it held assets of $5.1m against liabilities of $1.6m, net assets of $3.5m. It reported 80 employees.