Melrose PTO Inc

Analysis

Melrose PTO Inc is a registered charity in United States, based in Melrose, MA. It received its IRS tax-exemption ruling in May 2009, 17 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 July 2023, Melrose PTO Inc reported income of $275k and spending of $284k, spending 103% of its income. Across the 5 years on record, from July 2019 to July 2023, income grew from $238k to $275k (+15%), an average of +3.6% a year. The sharpest change came in the year to July 2022, when income rose by 79%. 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, Melrose PTO Inc sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 62nd percentile within MA. Charities of a similar size with the same main cause include University of Virginia Law School Alumni Association ($275k), Klein Oak Band Association Inc ($275k) and Vermont Employee Ownership Center Inc ($274k).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 15% of the total. At year end it held assets of $216k against liabilities of $0, net assets of $216k.