Salem Montessori School Incorporated

Analysis

Salem Montessori School Incorporated is a registered charity in United States, based in Winston Salem, NC. It received its IRS tax-exemption ruling in December 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, Salem Montessori School Incorporated reported income of $1.1m and spending of $926k, spending 87% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $387k to $1.1m (+175%), an average of +29% a year. The sharpest change came in the year to June 2022, when income rose by 43%. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Salem Montessori School Incorporated sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 81st percentile within NC. Charities of a similar size with the same main cause include Discovery Garden Montessori School ($1.1m), Todos Juntos Learning Center ($1.1m) and The Phoenix Pact Fund ($1.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 18% and program service revenue 82% of the total. Compensation of current officers, directors and key employees was $86k (9.3% of expenses). Other salaries and wages came to $492k. At year end it held assets of $480k against liabilities of $209k, net assets of $271k. It reported 34 employees.