Omni Montessori School

Analysis

Omni Montessori School is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in May 1988, 38 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, Omni Montessori School reported income of $3.4m and spending of $3.1m, spending 90% of its income. Across the 5 years on record, from July 2019 to July 2023, income grew from $2.6m to $3.4m (+35%), an average of +7.8% a year. The sharpest change came in the year to July 2020, when income rose by 19%. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Omni Montessori School sits at the 89th percentile: it is larger than about 89% 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 Kansas Rural Water Association ($3.4m), Presbyterian Home for Children ($3.4m) and Achievements Inc ($3.4m).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 5.1% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $125k (4.0% of expenses). Other salaries and wages came to $1.6m. At year end it held assets of $5.6m against liabilities of $1.6m, net assets of $4.0m. It reported 59 employees.