Cornelia Elementary PTO

Analysis

Cornelia Elementary PTO is a registered charity in United States, based in Edina, MN. It received its IRS tax-exemption ruling in August 1945, 81 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 June 2024, Cornelia Elementary PTO reported income of $63k and spending of $62k, spending 99% of its income. Across the 3 years on record, from June 2022 to June 2024, income fell from $70k to $63k (-11%), an average of -5.5% a year. The sharpest change came in the year to June 2024, when income dropped by 21%. Over the whole period it spent 98% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Cornelia Elementary PTO 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 25th percentile, and in the 21st percentile within MN. Charities of a similar size with the same main cause include Rotary Club of Vallejo Foundation ($63k), NJ Hunmin Korean Culture School ($63k) and Folsom Elementary PTO ($63k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 110% of the total. At year end it held assets of $48k against liabilities of $0, net assets of $48k.