New Hope Elementary PTO

Analysis

New Hope Elementary PTO is a registered charity in United States, based in New Hope, AL. It received its IRS tax-exemption ruling in October 2015, 11 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, New Hope Elementary PTO reported income of $55k and spending of $58k, spending 106% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $24k to $55k (+129%), an average of +23% a year. The sharpest change came in the year to June 2022, when income rose by 1641%. 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, New Hope Elementary PTO sits at the 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 20th percentile within AL. Charities of a similar size with the same main cause include Julia Helen Smith Scholarship Fund Inc ($55k), Illinois Congress of Parents Teachers ($55k) and Peninsula Social Club Foundation ($55k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 6.8% and program service revenue 19% of the total. At year end it held assets of $14k against liabilities of $0, net assets of $14k.