Washington Montessori Inc-A Public Charter School

Analysis

Washington Montessori Inc-A Public Charter School is a registered charity in United States, based in Washington, NC. It received its IRS tax-exemption ruling in September 2000, 26 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 June 2023, Washington Montessori Inc-A Public Charter School reported income of $4.7m and spending of $4.4m, spending 94% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $3.8m to $4.7m (+25%), an average of +7.7% a year. The sharpest change came in the year to June 2022, when income rose by 15%. Over the whole period it spent 97% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Washington Montessori Inc-A Public Charter 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 92nd percentile, and in the 93rd percentile within NC. Charities of a similar size with the same main cause include Victory Collegiate Academy Corporation ($4.7m), Eman Schools Inc ($4.7m) and Fulton Leadership Academy Inc ($4.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 5.0% and program service revenue 95% of the total. Other salaries and wages came to $2.6m. At year end it held assets of $8.1m against liabilities of $5.1m, net assets of $3.0m. It reported 89 employees.