Merrimac PTO

Analysis

Merrimac PTO is a registered charity in United States, based in Merrimac, MA. It received its IRS tax-exemption ruling in December 2001, 25 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 2024, Merrimac PTO reported income of $62k and spending of $64k, spending 103% of its income. Across the 2 years on record, from June 2023 to June 2024, income grew from $56k to $62k (+10%), an average of +10% a year. Over the whole period it spent 105% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Merrimac PTO sits at the 27th percentile: it is larger than about 27% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 33rd percentile within MA. Charities of a similar size with the same main cause include Stonegate Elementary School Parent Teacher Organization ($62k), Pep Support Association ($62k) and Mt Pleasant Public Library Foundation ($62k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 100% of the total. At year end it held assets of $26k against liabilities of $0, net assets of $26k.