New Milford Parent-Teacher Organization Inc

Analysis

New Milford Parent-Teacher Organization Inc is a registered charity in United States, based in New Milford, CT. It received its IRS tax-exemption ruling in July 1984, 42 years ago. 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, New Milford Parent-Teacher Organization Inc reported income of $67k and spending of $91k, spending 135% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income fell from $138k to $67k (-51%), an average of -13% a year. The sharpest change came in the year to June 2024, when income rose by 153%. Over the whole period it spent 90% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, New Milford Parent-Teacher Organization Inc sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 27th percentile, and in the 25th percentile within CT. Charities of a similar size with the same main cause include Silver Whoof Shelter Inc ($67k), PTA Oregon Congress ($67k) and Lewisville High School Baseball Boosters ($67k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 184% of the total. At year end it held assets of $138k against liabilities of $0, net assets of $138k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.