Folsom Elementary PTO

Analysis

Folsom Elementary PTO is a registered charity in United States, based in Prosper, TX. It received its IRS tax-exemption ruling in August 2005, 21 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, Folsom Elementary PTO reported income of $63k and spending of $60k, spending 95% of its income. Across the 3 years on record, from June 2020 to June 2024, income fell from $88k to $63k (-28%), an average of -15% a year. The sharpest change came in the year to June 2023, when income dropped by 16%. Over the whole period it spent 91% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Folsom Elementary 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 25th percentile, and in the 26th percentile within TX. Charities of a similar size with the same main cause include Colorado Association for the Education of Young Children ($63k), Rotary Club of Vallejo Foundation ($63k) and Forest Grove Library Foundation an Oregon Nonprofit Corporation ($63k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 23% of the total. At year end it held assets of $26k against liabilities of $0, net assets of $26k.