Lake Elementary PTO

Analysis

Lake Elementary PTO is a registered charity in United States, based in Hartville, OH. It received its IRS tax-exemption ruling in April 2016, 10 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, Lake Elementary PTO reported income of $72k and spending of $59k, spending 81% of its income. Across the 2 years on record, from June 2022 to June 2023, income fell from $72k to $72k (-0.2%), an average of -0.2% a year. 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, Lake Elementary PTO sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 29th percentile within OH. Charities of a similar size with the same main cause include John Pettibone Memorial Scholarship Fund Inc ($72k), Nicholas Jennings Memorial Scholarship Fund ($72k) and Bobby Stephens St Patricks Day Fund for Education ($72k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 2.1% and program service revenue 39% of the total. At year end it held assets of $49k against liabilities of $0, net assets of $49k.