Lakeview Elementary PTO

Analysis

Lakeview Elementary PTO is a registered charity in United States, based in Sarasota, FL. It received its IRS tax-exemption ruling in December 2020, 6 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 December 2023, Lakeview Elementary PTO reported income of $99k and spending of $60k, leaving 40% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $67k to $99k (+48%), an average of +22% a year. The sharpest change came in the year to December 2023, when income rose by 32%. Over the whole period it spent 83% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Lakeview Elementary PTO sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 40th percentile within FL. Charities of a similar size with the same main cause include Ridge Football Club Inc ($99k), Proud Academy Inc ($99k) and National Center for Competency- Based Learning ($99k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 3.1% and program service revenue 17% of the total. At year end it held assets of $67k against liabilities of $0, net assets of $67k.