Itasca Parent Teacher Organization

Analysis

Itasca Parent Teacher Organization is a registered charity in United States, based in Itasca, IL. It received its IRS tax-exemption ruling in September 2014, 12 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 2024, Itasca Parent Teacher Organization reported income of $80k and spending of $109k, spending 136% of what it took in. Across the 2 years on record, from July 2023 to July 2024, income fell from $87k to $80k (-7.9%), an average of -7.9% a year. Over the whole period it spent 114% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Itasca Parent Teacher Organization sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 32nd percentile within IL. Charities of a similar size with the same main cause include Healthy Congregations Inc ($80k), Neighborhood Schools Community Development Inc ($80k) and Shell Beach Elementary PTO ($80k).

On its Form 990-EZ for the period ending July 2024, revenue came from contributions and grants 14% and program service revenue 56% of the total. At year end it held assets of $26k against liabilities of $0, net assets of $26k.