Lake Norman Elementary School PTO

Analysis

Lake Norman Elementary School PTO is a registered charity in United States, based in Mooresville, NC. It received its IRS tax-exemption ruling in October 2001, 25 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, Lake Norman Elementary School PTO reported income of $71k and spending of $100k, spending 140% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income fell from $80k to $71k (-11%), an average of -2.9% a year. The sharpest change came in the year to June 2024, when income dropped by 46%. Over the whole period it spent 84% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Lake Norman Elementary School PTO sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 26th percentile within NC. Charities of a similar size with the same main cause include Shootin for Scholarships ($71k), Thomas Jefferson High School Partners ($71k) and Northern Arizona Jack Wagon Inc ($71k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 10.0% of the total. At year end it held assets of $96k against liabilities of $0, net assets of $96k.