Central Magnet School Parent Teacher Organization

Analysis

Central Magnet School Parent Teacher Organization is a registered charity in United States, based in Murfreesboro, TN. It received its IRS tax-exemption ruling in December 2012, 14 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, Central Magnet School Parent Teacher Organization reported income of $62k and spending of $70k, spending 112% of what it took in. Across the 2 years on record, from June 2023 to June 2024, income fell from $73k to $62k (-15%), an average of -16% a year. The sharpest change came in the year to June 2024, when income dropped by 15%. Over the whole period it spent 101% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Central Magnet School Parent Teacher Organization 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 24th percentile, and in the 23rd percentile within TN. Charities of a similar size with the same main cause include Mt Vernon Pops Football ($62k), Central Florida Chapter National Black Mba Association Inc ($62k) and Rotary District 7870 Foundation ($62k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 66% of the total. At year end it held assets of $5,016 against liabilities of $0, net assets of $5,016.