Island Montessori School
EIN: 320380143 · Wilmington, NC · NTEE: B21
| Metric | Value |
|---|---|
| Total Revenue | $481K |
| Total Expenses | $413K |
| Net Assets | $237K |
Is Island Montessori School Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Island Montessori School
Island Montessori School (EIN: 320380143) is a nonprofit organization based in Wilmington, NC, classified under NTEE code B21. The organization reported total revenue of $481K and total assets of $300K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Island Montessori School's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Island Montessori School is a small nonprofit that has been operating for 11 years, with 10 years of IRS 990 filings on record (2015–2024). Revenue has grown at a compound annual rate of 8.6%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $470K |
| Total Expenses | $413K |
| Surplus / Deficit | +$56K |
| Total Assets | $237K |
| Net Assets | $237K |
| Operating Margin | 12.0% |
| Months of Reserves | 6.9 months |
Financial Health Grade: A
In 2024, Island Montessori School reported a surplus of $56K with revenue exceeding expenses, holds 6.9 months of operating reserves (strong position).
Financial Trends
Over 10 years of filings (2015–2024), Island Montessori School's revenue has grown at a compound annual growth rate (CAGR) of 8.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +10.1% | +9.3% | +26.6% |
| 2023 | +12.7% | +9.5% | +13.9% |
| 2022 | +22.7% | +8.9% | +25.2% |
| 2021 | -3.8% | +13.4% | -6.3% |
| 2020 | -8.5% | -8.3% | +40.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2015 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Island Montessori School has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Island Montessori School with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $56K, with revenue exceeding expenses.
Frequently Asked Questions about Island Montessori School
Is Island Montessori School a legitimate charity?
Island Montessori School (EIN: 320380143) is a registered tax-exempt nonprofit based in North Carolina. It has 10 years of IRS 990 filings on record. Total revenue: $481K. No red flags identified. Financial health grade: A.
How does Island Montessori School spend its money?
Island Montessori School reported $481K in total revenue in IRS 990 filings. 10 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Island Montessori School tax-deductible?
Island Montessori School is registered as a tax-exempt nonprofit (EIN: 320380143). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Island Montessori School located?
Island Montessori School is headquartered in Wilmington, North Carolina and files with the IRS under EIN 320380143. It is classified under NTEE code B21.
How many years of IRS 990 filings does Island Montessori School have?
Island Montessori School has 10 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $481K in total revenue.
Filing History
IRS 990 filing history for Island Montessori School showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2015–2024), Island Montessori School's revenue has grown by 109.7%, moving from $224K to $470K. Total assets increased by 3611.8% over the same period, from $6K to $237K. Total functional expenses rose by 70.7%, from $242K to $413K. In its most recent filing year (2024), Island Montessori School reported a surplus of $56K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $470K | $413K | $237K | $0 | — | — |
| 2023 | $427K | $378K | $187K | $0 | — | View 990 |
| 2022 | $379K | $345K | $164K | $0 | — | View 990 |
| 2021 | $308K | $317K | $131K | $0 | — | View 990 |
| 2020 | $320K | $280K | $140K | $0 | — | View 990 |
| 2019 | $350K | $305K | $100K | $557 | — | View 990 |
| 2018 | $286K | $264K | $69K | $15K | — | View 990 |
| 2017 | $237K | $249K | $32K | $790 | — | View 990 |
| 2016 | $246K | $191K | $50K | $8K | — | View 990 |
| 2015 | $224K | $242K | $6K | $19K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $470K, expenses of $413K, and assets of $237K (revenue +10.1% year-over-year).
- 2023: Revenue of $427K, expenses of $378K, and assets of $187K (revenue +12.7% year-over-year).
- 2022: Revenue of $379K, expenses of $345K, and assets of $164K (revenue +22.7% year-over-year).
- 2021: Revenue of $308K, expenses of $317K, and assets of $131K (revenue -3.8% year-over-year).
- 2020: Revenue of $320K, expenses of $280K, and assets of $140K (revenue -8.5% year-over-year).
- 2019: Revenue of $350K, expenses of $305K, and assets of $100K (revenue +22.3% year-over-year).
- 2018: Revenue of $286K, expenses of $264K, and assets of $69K (revenue +20.8% year-over-year).
- 2017: Revenue of $237K, expenses of $249K, and assets of $32K (revenue -3.6% year-over-year).
- 2016: Revenue of $246K, expenses of $191K, and assets of $50K (revenue +9.8% year-over-year).
- 2015: Revenue of $224K, expenses of $242K, and assets of $6K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Island Montessori School:
Data Sources and Methodology
This transparency report for Island Montessori School is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.