Virgin Islands Montessori School Inc

Analysis

Virgin Islands Montessori School Inc is a registered charity in United States, based in St Thomas, VI. It received its IRS tax-exemption ruling in October 1996, 30 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, Virgin Islands Montessori School Inc reported income of $6.1m and spending of $6.0m, spending 98% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $4.6m to $6.1m (+34%), an average of +7.6% a year. The sharpest change came in the year to June 2023, when income rose by 54%. Over the whole period it spent 89% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Virgin Islands Montessori School Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 97th percentile within VI. Charities of a similar size with the same main cause include Mohave Accelerated Elementary School Inc ($6.1m), Cal Maritime Corporation ($6.1m) and Yellow Wood Academy ($6.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 11% and program service revenue 65% of the total. Compensation of current officers, directors and key employees was $171k (2.8% of expenses). Other salaries and wages came to $3.2m. At year end it held assets of $10.4m against liabilities of $4.4m, net assets of $6.0m. It reported 85 employees.