Montessori School of Raleigh Inc

Analysis

Montessori School of Raleigh Inc is a registered charity in United States, based in Raleigh, NC. It received its IRS tax-exemption ruling in October 1975, 51 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, Montessori School of Raleigh Inc reported income of $10.0m and spending of $9.8m, spending 98% of its income. Across the 5 years on record, from July 2019 to July 2023, income grew from $7.9m to $10.0m (+26%), an average of +5.9% a year. The sharpest change came in the year to July 2021, when income rose by 21%. Over the whole period it spent 107% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Montessori School of Raleigh 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 95th percentile, and in the 96th percentile within NC. Charities of a similar size with the same main cause include Cristo Rey Miami High School Inc ($10.0m), Caprock Academy ($10.0m) and Gulfstream School Inc ($10.0m).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 1.6% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $412k (4.2% of expenses). Other salaries and wages came to $4.6m. At year end it held assets of $13.9m against liabilities of $11.3m, net assets of $2.6m. It reported 133 employees.