Glover Eveleth PTO Inc

Analysis

Glover Eveleth PTO Inc is a registered charity in United States, based in Marblehead, MA. It received its IRS tax-exemption ruling in September 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, Glover Eveleth PTO Inc reported income of $65k and spending of $47k, leaving 29% of income unspent that year. Across the 3 years on record, from June 2022 to June 2024, income grew from $46k to $65k (+42%), an average of +19% a year. The sharpest change came in the year to June 2023, when income rose by 50%. Over the whole period it spent 64% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Glover Eveleth PTO Inc sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 34th percentile within MA. Charities of a similar size with the same main cause include Donald R Smith Scholarship Fund ($65k), Devens Historical Museum ($65k) and Hidden Valley PTO Inc ($65k).

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 $98k against liabilities of $0, net assets of $98k.