Montessori School of Durham

Analysis

Montessori School of Durham is a registered charity in United States, based in Durham, NC. It received its IRS tax-exemption ruling in April 1979, 47 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 May 2023, Montessori School of Durham reported income of $3.3m and spending of $3.0m, spending 90% of its income. Across the 5 years on record, from May 2019 to May 2023, income grew from $2.5m to $3.3m (+34%), an average of +7.6% a year. The sharpest change came in the year to May 2022, when income rose by 24%. Over the whole period it spent 90% 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 Durham sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within NC. Charities of a similar size with the same main cause include Las Vegas Preparatory ($3.3m), City Day Community School ($3.3m) and Northland Preparatory and Fitness Academy ($3.3m).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 1.6% and program service revenue 98% of the total. Other salaries and wages came to $1.7m. At year end it held assets of $6.0m against liabilities of $3.0m, net assets of $2.9m. It reported 67 employees.