Merrol Hyde Magnet School PTO

Analysis

Merrol Hyde Magnet School PTO is a registered charity in United States, based in Hendersonvlle, TN. It received its IRS tax-exemption ruling in August 2003, 23 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 2023, Merrol Hyde Magnet School PTO reported income of $74k and spending of $89k, spending 120% of what it took in. Across the 2 years on record, from June 2022 to June 2023, income fell from $112k to $74k (-34%), an average of -34% a year. The sharpest change came in the year to June 2023, when income dropped by 34%. Over the whole period it spent 104% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Merrol Hyde Magnet School PTO sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 28th percentile within TN. Charities of a similar size with the same main cause include Aldersgate Preschool Inc ($74k), Foundation for the Yonkers Public Library Inc ($74k) and Quad Cities Graduate Study Center ($74k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 9.8% of the total. At year end it held assets of $72k against liabilities of $1,369, net assets of $70k.