Salem Montessori School Incorporated
EIN: 562253872 · Winston Salem, NC · NTEE: B20
| Metric | Value |
|---|---|
| Total Revenue | $1.5M |
| Total Expenses | $926K |
| Net Assets | $271K |
Is Salem Montessori School Incorporated Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Salem Montessori School Incorporated
Salem Montessori School Incorporated (EIN: 562253872) is a nonprofit organization based in Winston Salem, NC, classified under NTEE code B20. The organization reported total revenue of $1.5M and total assets of $604K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Salem Montessori School Incorporated's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Salem Montessori School Incorporated is a mid-size nonprofit that has been operating for 24 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 12.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.1M |
| Total Expenses | $926K |
| Surplus / Deficit | +$137K |
| Total Assets | $480K |
| Total Liabilities | $209K |
| Net Assets | $271K |
| Operating Margin | 12.9% |
| Debt-to-Asset Ratio | 43.5% |
| Months of Reserves | 6.2 months |
Financial Health Grade: A
In 2023, Salem Montessori School Incorporated reported a surplus of $137K with revenue exceeding expenses, holds 6.2 months of operating reserves (strong position), has a debt-to-asset ratio of 43.5% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Salem Montessori School Incorporated's revenue has grown at a compound annual growth rate (CAGR) of 12.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +33.0% | +15.5% | +51.2% |
| 2022 | +42.8% | +43.8% | +26.4% |
| 2021 | +22.6% | +22.4% | -12.4% |
| 2020 | +18.0% | +19.1% | +34.3% |
| 2019 | +18.8% | +8.9% | +0.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2002 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Salem Montessori School Incorporated 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 Salem Montessori School Incorporated 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $137K, with revenue exceeding expenses.
- Debt-to-asset ratio: 43.5%.
Frequently Asked Questions about Salem Montessori School Incorporated
Is Salem Montessori School Incorporated a legitimate charity?
Salem Montessori School Incorporated (EIN: 562253872) is a registered tax-exempt nonprofit based in North Carolina. It has 13 years of IRS 990 filings on record. Total revenue: $1.5M. No red flags identified. Financial health grade: A.
How does Salem Montessori School Incorporated spend its money?
Salem Montessori School Incorporated reported $1.5M in total revenue in IRS 990 filings. 13 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Salem Montessori School Incorporated tax-deductible?
Salem Montessori School Incorporated is registered as a tax-exempt nonprofit (EIN: 562253872). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Salem Montessori School Incorporated located?
Salem Montessori School Incorporated is headquartered in Winston Salem, North Carolina and files with the IRS under EIN 562253872. It is classified under NTEE code B20.
How many years of IRS 990 filings does Salem Montessori School Incorporated have?
Salem Montessori School Incorporated has 13 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 $1.5M in total revenue.
Filing History
IRS 990 filing history for Salem Montessori School Incorporated showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Salem Montessori School Incorporated's revenue has grown by 320.9%, moving from $253K to $1.1M. Total assets increased by 278.9% over the same period, from $127K to $480K. Total functional expenses rose by 286.2%, from $240K to $926K. In its most recent filing year (2023), Salem Montessori School Incorporated reported a surplus of $137K, with revenue exceeding expenses. The organization holds $209K in liabilities against $480K in assets (debt-to-asset ratio: 43.5%), resulting in net assets of $271K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.1M | $926K | $480K | $209K | — | — |
| 2022 | $799K | $802K | $317K | $186K | — | View 990 |
| 2021 | $560K | $558K | $251K | $107K | — | — |
| 2020 | $457K | $455K | $287K | $145K | — | View 990 |
| 2019 | $387K | $382K | $213K | $73K | — | View 990 |
| 2018 | $326K | $351K | $213K | $76K | — | View 990 |
| 2017 | $334K | $330K | $220K | $58K | — | View 990 |
| 2016 | $338K | $328K | $234K | $77K | — | View 990 |
| 2015 | $321K | $299K | $211K | $62K | — | View 990 |
| 2014 | $302K | $301K | $191K | $64K | — | View 990 |
| 2013 | $303K | $301K | $166K | $40K | — | View 990 |
| 2012 | $299K | $275K | $155K | $31K | — | View 990 |
| 2011 | $253K | $240K | $127K | $27K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.1M, expenses of $926K, and assets of $480K (revenue +33.0% year-over-year).
- 2022: Revenue of $799K, expenses of $802K, and assets of $317K (revenue +42.8% year-over-year).
- 2021: Revenue of $560K, expenses of $558K, and assets of $251K (revenue +22.6% year-over-year).
- 2020: Revenue of $457K, expenses of $455K, and assets of $287K (revenue +18.0% year-over-year).
- 2019: Revenue of $387K, expenses of $382K, and assets of $213K (revenue +18.8% year-over-year).
- 2018: Revenue of $326K, expenses of $351K, and assets of $213K (revenue -2.5% year-over-year).
- 2017: Revenue of $334K, expenses of $330K, and assets of $220K (revenue -1.1% year-over-year).
- 2016: Revenue of $338K, expenses of $328K, and assets of $234K (revenue +5.3% year-over-year).
- 2015: Revenue of $321K, expenses of $299K, and assets of $211K (revenue +6.3% year-over-year).
- 2014: Revenue of $302K, expenses of $301K, and assets of $191K (revenue -0.4% year-over-year).
- 2013: Revenue of $303K, expenses of $301K, and assets of $166K (revenue +1.5% year-over-year).
- 2012: Revenue of $299K, expenses of $275K, and assets of $155K (revenue +18.3% year-over-year).
- 2011: Revenue of $253K, expenses of $240K, and assets of $127K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Salem Montessori School Incorporated:
Data Sources and Methodology
This transparency report for Salem Montessori School Incorporated 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.