Charles Towne Montessori School

Analysis

Charles Towne Montessori School is a registered charity in United States, based in Charleston, SC. It received its IRS tax-exemption ruling in March 1973, 53 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 May 2024, Charles Towne Montessori School reported income of $1.7m and spending of $1.6m, spending 97% of its income. Across the 5 years on record, from May 2020 to May 2024, income grew from $1.2m to $1.7m (+39%), an average of +8.6% a year. The sharpest change came in the year to May 2022, when income rose by 22%. Over the whole period it spent 88% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Charles Towne Montessori School sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 88th percentile within SC. Charities of a similar size with the same main cause include Institute of Cultural Affairs ($1.7m), Boys & Girls Club of Mount Vernon Ny Inc ($1.7m) and Living Free Non-Profit Animal Sanctuary ($1.7m).

On its Form 990 for the period ending May 2024, revenue came from contributions and grants 4.0% and program service revenue 93% of the total. Compensation of current officers, directors and key employees was $54k (3.3% of expenses). Other salaries and wages came to $1.0m. At year end it held assets of $3.4m against liabilities of $1.2m, net assets of $2.2m. It reported 22 employees.