Spruce Pine Montessori School Inc

Analysis

Spruce Pine Montessori School Inc is a registered charity in United States, based in Spruce Pine, NC. It received its IRS tax-exemption ruling in February 1980, 46 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, Spruce Pine Montessori School Inc reported income of $605k and spending of $619k, spending 102% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $547k to $605k (+11%), an average of +2.6% a year. The sharpest change came in the year to June 2022, when income rose by 23%. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Spruce Pine Montessori School Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 73rd percentile within NC. Charities of a similar size with the same main cause include Casa of Lafayette County ($605k), CCBC Foundation ($606k) and Imperial Symphony Orchestra Inc ($605k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 28% and program service revenue 67% of the total. Compensation of current officers, directors and key employees was $44k (7.1% of expenses). Other salaries and wages came to $444k. At year end it held assets of $446k against liabilities of $140k, net assets of $307k. It reported 26 employees.