Parent Teachers Association of P S 40 Manhattan

Analysis

Parent Teachers Association of P S 40 Manhattan is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in July 2000, 26 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Parent Teachers Association of P S 40 Manhattan reported income of $212k and spending of $273k, spending 129% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income fell from $372k to $212k (-43%), an average of -11% a year. The sharpest change came in the year to June 2021, when income dropped by 62%. Over the whole period it spent 115% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Parent Teachers Association of P S 40 Manhattan sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 52nd percentile within NY. Charities of a similar size with the same main cause include Proctor R Tuw Fbo School District ($212k), Wusd Star Foundation ($212k) and Adventurelands Helping Hands Foundation Inc ($212k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 70% of the total. At year end it held assets of $462k against liabilities of $0, net assets of $462k.

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.