Parent and Teachers Organization of Lakeway Elementary

Analysis

Parent and Teachers Organization of Lakeway Elementary is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in February 1996, 30 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 2023, Parent and Teachers Organization of Lakeway Elementary reported income of $164k and spending of $161k, spending 98% of its income. Across the 3 years on record, from July 2020 to July 2023, income fell from $227k to $164k (-28%), an average of -15% a year. The sharpest change came in the year to July 2022, when income dropped by 35%. 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, Parent and Teachers Organization of Lakeway Elementary sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 53rd percentile within TX. Charities of a similar size with the same main cause include Cowboy Heritage Association of Fort Worth ($164k), FDR From Dreams to Reality a Non-Profit Corporation ($164k) and National Organization for Marriage Education Fund ($164k).

At year end it held assets of $139k against liabilities of $0, net assets of $139k.