Waco Montessori School

Analysis

Waco Montessori School is a registered charity in United States, based in Waco, TX. It received its IRS tax-exemption ruling in May 1993, 33 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending July 2023, Waco Montessori School reported income of $2.6m and spending of $2.4m, spending 90% of its income. Across the 4 years on record, from July 2020 to July 2023, income grew from $2.2m to $2.6m (+18%), an average of +5.6% a year. Over the whole period it spent 93% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Waco Montessori School sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 91st percentile within TX. Charities of a similar size with the same main cause include International Friends School ($2.6m), American Cultural Exchange Service ($2.6m) and Springfield Preparatory and Fitness Academy ($2.6m).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 9.2% and program service revenue 85% of the total. Compensation of current officers, directors and key employees was $202k (8.5% of expenses). Other salaries and wages came to $1.4m. At year end it held assets of $3.4m against liabilities of $963k, net assets of $2.4m. It reported 79 employees.