Cove Parent-Teacher Organization

Analysis

Cove Parent-Teacher Organization is a registered charity in United States, based in Beverly, MA. It received its IRS tax-exemption ruling in February 1999, 27 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2024, Cove Parent-Teacher Organization reported income of $52k and spending of $37k, leaving 29% of income unspent that year. Across the 3 years on record, from August 2022 to August 2024, income grew from $33k to $52k (+60%), an average of +27% a year. The sharpest change came in the year to August 2023, when income rose by 59%. Over the whole period it spent 103% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Cove Parent-Teacher Organization sits at the 23rd percentile: it is larger than about 23% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 29th percentile within MA. Charities of a similar size with the same main cause include Upper Moreland Educational Foundation ($52k), Kent Prairie PTA ($52k) and Williamson Driftriders Snowmobile Club Inc ($52k).

On its Form 990-EZ for the period ending August 2024, revenue came from contributions and grants 2.7% of the total. At year end it held assets of $36k against liabilities of $0, net assets of $36k.