Bay Montessori School Inc

Analysis

Bay Montessori School Inc is a registered charity in United States, based in Lexington PK, MD. It received its IRS tax-exemption ruling in June 2020, 6 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 July 2023, Bay Montessori School Inc reported income of $1.7m and spending of $1.6m, spending 91% of its income. Across the 4 years on record, from July 2020 to July 2023, income grew from $548k to $1.7m (+214%), an average of +46% a year. The sharpest change came in the year to July 2021, when income rose by 120%. Over the whole period it spent 95% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Bay Montessori School Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 84th percentile within MD. Charities of a similar size with the same main cause include Summit Academy Secondary School- Middletown ($1.7m), Wyoming High School Activities Association ($1.7m) and Iowa Mennonite School ($1.7m).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 8.1% and program service revenue 88% of the total. Compensation of current officers, directors and key employees was $81k (5.2% of expenses). Other salaries and wages came to $816k. At year end it held assets of $382k against liabilities of $97k, net assets of $285k. It reported 52 employees.