Powhatan Elementary School PTA

Analysis

Powhatan Elementary School PTA is a registered charity in United States, based in Clayton, NC. It received its IRS tax-exemption ruling in May 1985, 41 years ago. 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, Powhatan Elementary School PTA reported income of $55k and spending of $62k, spending 113% of what it took in. Across the 2 years on record, from June 2023 to June 2024, income grew from $52k to $55k (+5.3%), an average of +5.3% a year. Over the whole period it spent 110% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Powhatan Elementary School PTA sits at the 21st percentile: it is larger than about 21% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 19th percentile within NC. Charities of a similar size with the same main cause include Cherokee County United Fund Inc ($55k), Our Lady of Victory School Endowment Fund ($55k) and Westlake Schools Music Boosters ($55k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 100% of the total. At year end it held assets of $15k against liabilities of $0, net assets of $15k.