Lovett Elementary Parent Teacher Organization

Analysis

Lovett Elementary Parent Teacher Organization is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in November 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, Lovett Elementary Parent Teacher Organization reported income of $267k and spending of $271k, spending 102% of its income. Across the 3 years on record, from June 2022 to June 2024, income grew from $254k to $267k (+5.4%), an average of +2.7% a year. The sharpest change came in the year to June 2023, when income rose by 32%. 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, Lovett Elementary Parent Teacher Organization sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 64th percentile within TX. Charities of a similar size with the same main cause include Brandywine School of Early Learning Inc ($267k), Love Chloe Foundation ($267k) and Primer Academia de Abc Spanish Immersion Program Inc ($267k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 100% of the total. At year end it held assets of $164k against liabilities of $0, net assets of $164k.