Rainbow Montessori School

Analysis

Rainbow Montessori School is a registered charity in United States, based in Woodinville, WA. It received its IRS tax-exemption ruling in March 1983, 43 years ago. 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 March 2024, Rainbow Montessori School reported income of $407k and spending of $372k, spending 91% of its income. Across the 5 years on record, from March 2020 to March 2024, income grew from $273k to $407k (+49%), an average of +10% a year. The sharpest change came in the year to March 2022, when income rose by 76%. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Rainbow Montessori School 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 67th percentile, and in the 65th percentile within WA. Charities of a similar size with the same main cause include Rural Nebraska Healthcare Network ($407k), Vital Options ($407k) and Montessori Schoolhouse of Cheshire County Inc ($407k).

On its Form 990 for the period ending March 2024, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $114k (31% of expenses). At year end it held assets of $165k against liabilities of $0, net assets of $165k. It reported 8 employees.