Hamilton Park Montessori School a New Jersey Non Profit Corporation

Analysis

Hamilton Park Montessori School a New Jersey Non Profit Corporation is a registered charity in United States, based in Jersey City, NJ. It received its IRS tax-exemption ruling in March 2018, 8 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, Hamilton Park Montessori School a New Jersey Non Profit Corporation reported income of $7.1m and spending of $7.0m, spending 98% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $6.1m to $7.1m (+18%), an average of +4.2% a year. The sharpest change came in the year to June 2022, when income rose by 41%. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Hamilton Park Montessori School a New Jersey Non Profit Corporation sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 95th percentile within NJ. Charities of a similar size with the same main cause include Therapy and Learning Center Inc ($7.1m), Denver Waldorf School Assn ($7.1m) and Corlears School ($7.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 3.1% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $200k (2.9% of expenses). Other salaries and wages came to $3.4m. At year end it held assets of $19.9m against liabilities of $18.6m, net assets of $1.3m. It reported 63 employees.