Hampton Roads Montessori School

Analysis

Hampton Roads Montessori School is a registered charity in United States, based in Newport News, VA. It received its IRS tax-exemption ruling in August 1994, 32 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 July 2023, Hampton Roads Montessori School reported income of $3.0m and spending of $2.5m, spending 83% of its income. Across the 5 years on record, from July 2019 to July 2023, income grew from $1.3m to $3.0m (+135%), an average of +24% a year. The sharpest change came in the year to July 2022, when income rose by 47%. Over the whole period it spent 85% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Hampton Roads Montessori School sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 90th percentile within VA. Charities of a similar size with the same main cause include Boys and Girls Club of Detroit Lakes Inc ($3.0m), Colony Retirement Homes Inc ($3.0m) and Nac 4520 N Central LLC ($3.0m).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 10% and program service revenue 87% of the total. Compensation of current officers, directors and key employees was $174k (7.0% of expenses). Other salaries and wages came to $1.3m. At year end it held assets of $9.0m against liabilities of $6.9m, net assets of $2.1m. It reported 85 employees.