Schofield School PTO

Analysis

Schofield School PTO is a registered charity in United States, based in Wellesley, MA. It received its IRS tax-exemption ruling in July 1994, 32 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 June 2023, Schofield School PTO reported income of $120k and spending of $132k, spending 110% of what it took in. Across the 2 years on record, from June 2019 to June 2023, income fell from $172k to $120k (-30%), an average of -30% a year. The sharpest change came in the year to June 2023, when income dropped by 30%. Over the whole period it spent 70% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Schofield School PTO sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 48th percentile within MA. Charities of a similar size with the same main cause include Bath Rotary Club Charitable Trust ($120k), Ashton Parents Booster Inc ($120k) and Knowledge Academy Educational Services ($120k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 87% and program service revenue 0.8% of the total. At year end it held assets of $215k against liabilities of $0, net assets of $215k.