Lake Norman Charter School PTO

Analysis

Lake Norman Charter School PTO is a registered charity in United States, based in Huntersville, NC. It received its IRS tax-exemption ruling in January 2004, 22 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 2024, Lake Norman Charter School PTO reported income of $824k and spending of $792k, spending 96% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $502k to $824k (+64%), an average of +10% a year. The sharpest change came in the year to June 2022, when income rose by 307%. Over the whole period it spent 93% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Lake Norman Charter School PTO sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 77th percentile within NC. Charities of a similar size with the same main cause include California Hazardous Materials Investigators Association ($824k), Richmond County Partnership for Children Inc ($824k) and College Oak Montessori School Inc ($824k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 0.6% and program service revenue 99% of the total. At year end it held assets of $259k against liabilities of $0, net assets of $259k.