Colfax Elementary School Parent Teacher Organization

Analysis

Colfax Elementary School Parent Teacher Organization is a registered charity in United States, based in Colfax, NC. It received its IRS tax-exemption ruling in December 2015, 11 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 2023, Colfax Elementary School Parent Teacher Organization reported income of $70k and spending of $76k, spending 109% of what it took in. Across the 2 years on record, from June 2022 to June 2023, income grew from $53k to $70k (+30%), an average of +30% a year. The sharpest change came in the year to June 2023, when income rose by 30%. Over the whole period it spent 92% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Colfax Elementary School Parent Teacher Organization sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 27th percentile, and in the 25th percentile within NC. Charities of a similar size with the same main cause include Little Cedars PTA ($70k), BTWHS Music Guild Inc ($70k) and Parent Booster USA Inc ($70k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 0.1% and program service revenue 31% of the total. At year end it held assets of $28k against liabilities of $0, net assets of $28k.