McKinley School-Parent Teacher Organization

Analysis

McKinley School-Parent Teacher Organization is a registered charity in United States, based in Westfield, NJ. It received its IRS tax-exemption ruling in April 1976, 50 years ago. 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, McKinley School-Parent Teacher Organization reported income of $63k and spending of $64k, spending 102% of its income. Across the 2 years on record, from July 2023 to July 2024, income fell from $80k to $63k (-22%), an average of -22% a year. The sharpest change came in the year to July 2024, when income dropped by 22%. Over the whole period it spent 76% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, McKinley School-Parent Teacher Organization sits at the 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 32nd percentile within NJ. Charities of a similar size with the same main cause include Beloit Public Library Foundation Inc ($63k), St Martin Villa Inc ($63k) and Kitchen Table Inc ($63k).

On its Form 990-EZ for the period ending July 2024, revenue came from contributions and grants 13% of the total. At year end it held assets of $120k against liabilities of $0, net assets of $120k.