Casa Esperanza Montessori Incorpora Ted

Analysis

Casa Esperanza Montessori Incorpora Ted is a registered charity in United States, based in Wake Forest, NC. It received its IRS tax-exemption ruling in November 2002, 24 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, Casa Esperanza Montessori Incorpora Ted reported income of $7.5m and spending of $7.6m, spending 101% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $5.6m to $7.5m (+35%), an average of +10% a year. The sharpest change came in the year to June 2023, when income rose by 22%. 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, Casa Esperanza Montessori Incorpora Ted sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 95th percentile within NC. Charities of a similar size with the same main cause include Potters House ($7.5m), Heritage Academy Charter Schools Inc ($7.5m) and Restore Education ($7.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 90% and program service revenue 7.2% of the total. Other salaries and wages came to $3.7m. At year end it held assets of $21.8m against liabilities of $23.0m, net assets of -$1.2m. It reported 116 employees.