Rising Tide Montessori Inc

Analysis

Rising Tide Montessori Inc is a registered charity in United States, based in Belmar, NJ. It received its IRS tax-exemption ruling in January 2021, 5 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Rising Tide Montessori Inc reported income of $394k and spending of $469k, spending 119% of what it took in. Across the 2 years on record, from June 2022 to June 2023, income fell from $675k to $394k (-42%), an average of -42% a year. The sharpest change came in the year to June 2023, when income dropped by 42%. 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, Rising Tide Montessori Inc sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 72nd percentile within NJ. Charities of a similar size with the same main cause include Build Command Team ($394k), Thrive Today ($394k) and Miami Beach Chamber Education Foundation ($394k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 88% and program service revenue 12% of the total. Compensation of current officers, directors and key employees was $138k (30% of expenses). Other salaries and wages came to $91k. At year end it held assets of $65k against liabilities of $26k, net assets of $38k. It reported 3 employees.