Sea Level Montessori Inc

Analysis

Sea Level Montessori Inc is a registered charity in United States, based in Newton, NC. It received its IRS tax-exemption ruling in August 1989, 37 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, Sea Level Montessori Inc reported income of $609k and spending of $548k, spending 90% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $482k to $609k (+26%), an average of +6.0% a year. The sharpest change came in the year to June 2022, when income rose by 45%. Over the whole period it spent 88% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Sea Level Montessori 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 Kalamazoo Junior Symphony Society ($609k), Lee Elderly Housing Corporation ($609k) and Joseph J and Marie P Schedel Foundation ($609k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 9.8% and program service revenue 84% of the total. Other salaries and wages came to $377k. At year end it held assets of $1.9m against liabilities of $5,200, net assets of $1.9m.