Richmond Montessori School Inc

Analysis

Richmond Montessori School Inc is a registered charity in United States, based in Richmond, VA. It received its IRS tax-exemption ruling in April 1967, 59 years ago. 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, Richmond Montessori School Inc reported income of $6.4m and spending of $6.2m, spending 97% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $5.1m to $6.4m (+25%), an average of +5.7% a year. The sharpest change came in the year to June 2022, when income rose by 34%. Over the whole period it spent 92% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Richmond Montessori School Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within VA. Charities of a similar size with the same main cause include Feed My Childrens Fund Inc ($6.4m), Our Family Services Inc ($6.4m) and Habitat for Humanity of Summit County Inc ($6.4m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 8.0% and program service revenue 90% of the total. Compensation of current officers, directors and key employees was $164k (2.6% of expenses). Other salaries and wages came to $3.4m. At year end it held assets of $11.8m against liabilities of $898k, net assets of $10.9m. It reported 118 employees.