Harbor Montessori School

Analysis

Harbor Montessori School is a registered charity in United States, based in Gig Harbor, WA. It received its IRS tax-exemption ruling in June 1987, 39 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 July 2023, Harbor Montessori School reported income of $3.2m and spending of $3.1m, spending 96% of its income. Across the 5 years on record, from July 2019 to July 2023, income grew from $1.9m to $3.2m (+66%), an average of +14% a year. The sharpest change came in the year to July 2022, when income rose by 23%. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Harbor Montessori School sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 90th percentile within WA. Charities of a similar size with the same main cause include English Speaking Union of the United States ($3.2m), Association of Retarded Citizens of Eastern Elmore County ($3.2m) and YMCA of the Lowcountry Inc ($3.2m).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 3.1% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $114k (3.7% of expenses). Other salaries and wages came to $2.0m. At year end it held assets of $4.2m against liabilities of $2.1m, net assets of $2.0m. It reported 82 employees.