Carolina Forest Elementary PTO

Analysis

Carolina Forest Elementary PTO is a registered charity in United States, based in Myrtle Beach, SC. It received its IRS tax-exemption ruling in December 2013, 13 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, Carolina Forest Elementary PTO reported income of $75k and spending of $41k, leaving 45% of income unspent that year. Across the 3 years on record, from June 2022 to June 2024, income grew from $20k to $75k (+266%), an average of +91% a year. The sharpest change came in the year to June 2024, when income rose by 301%. Over the whole period it spent 60% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Carolina Forest Elementary 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 36th percentile within SC. Charities of a similar size with the same main cause include Randolph Middle School PTO ($75k), Parent & Teachers Inc Saddle Rock Association ($75k) and Ukiah Nursery School ($75k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 18% of the total. At year end it held assets of $61k against liabilities of $0, net assets of $61k.