Follow the Child Montessori School Inc

Analysis

Follow the Child Montessori School Inc is a registered charity in United States, based in Raleigh, NC. It received its IRS tax-exemption ruling in June 2001, 25 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 2024, Follow the Child Montessori School Inc reported income of $3.0m and spending of $2.9m, spending 96% of its income. Across the 6 years on record, from July 2019 to July 2024, income grew from $2.5m to $3.0m (+21%), an average of +3.9% a year. The sharpest change came in the year to July 2023, when income rose by 17%. 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, Follow the Child Montessori School Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 90th percentile within NC. Charities of a similar size with the same main cause include Middle Atlantic Catholic Risk Management Group Inc ($3.0m), Terra Science and Education Inc ($3.0m) and Employee Assistance Foundation ($3.0m).

On its Form 990 for the period ending July 2024, revenue came from contributions and grants 3.0% and program service revenue 94% of the total. Compensation of current officers, directors and key employees was $376k (13% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $8.0m against liabilities of $5.6m, net assets of $2.4m. It reported 41 employees.