Galatas Elementary Parent Teacher Organization the Woodlands Texas

Analysis

Galatas Elementary Parent Teacher Organization the Woodlands Texas is a registered charity in United States, based in The Woodlands, TX. It received its IRS tax-exemption ruling in March 1994, 32 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, Galatas Elementary Parent Teacher Organization the Woodlands Texas reported income of $148k and spending of $166k, spending 112% of what it took in. Across the 3 years on record, from June 2022 to June 2024, income grew from $145k to $148k (+2.4%), an average of +1.2% a year. Over the whole period it spent 125% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Galatas Elementary Parent Teacher Organization the Woodlands Texas sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 50th percentile within TX. Charities of a similar size with the same main cause include Columbia Public School District Foundation ($148k), Northville Mustang Boosters Club Inc ($148k) and Youth in Motion ($148k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 14% of the total. At year end it held assets of $24k against liabilities of $0, net assets of $24k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.