Wayne Montessori

Analysis

Wayne Montessori is a registered charity in United States, based in Goldsboro, NC. It received its IRS tax-exemption ruling in November 1981, 45 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, Wayne Montessori reported income of $613k and spending of $546k, spending 89% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $461k to $613k (+33%), an average of +7.4% a year. The sharpest change came in the year to June 2021, when income rose by 29%. Over the whole period it spent 92% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Wayne Montessori sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 73rd percentile within NC. Charities of a similar size with the same main cause include Castleton Free Library ($613k), North Star Academy Parents Club ($613k) and Christian Heritage Ministries Inc ($613k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.3% and program service revenue 95% of the total. Other salaries and wages came to $383k. At year end it held assets of $1.0m against liabilities of $272k, net assets of $766k. It reported 26 employees.