Casita Montessori de Mayaguez Inc

Analysis

Casita Montessori de Mayaguez Inc is a registered charity in United States, based in Mayaguez, PR. It received its IRS tax-exemption ruling in June 2019, 7 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, Casita Montessori de Mayaguez Inc reported income of $618k and spending of $586k, spending 95% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $493k to $618k (+25%), an average of +5.8% a year. The sharpest change came in the year to June 2022, when income rose by 17%. Over the whole period it spent 98% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Casita Montessori de Mayaguez Inc 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 59th percentile within PR. Charities of a similar size with the same main cause include Lakeview Preschool Inc ($618k), Arg Cultivators Community ($618k) and Grace Community School ($618k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 35% and program service revenue 65% of the total. Compensation of current officers, directors and key employees was $37k (6.4% of expenses). Other salaries and wages came to $314k. At year end it held assets of $395k against liabilities of $453k, net assets of -$58k. It reported 29 employees.