Farney Elementary Parent-Teacher Organization

Analysis

Farney Elementary Parent-Teacher Organization is a registered charity in United States, based in Cypress, TX. It received its IRS tax-exemption ruling in October 2000, 26 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, Farney Elementary Parent-Teacher Organization reported income of $53k and spending of $51k, spending 96% of its income. Across the 3 years on record, from June 2021 to June 2024, income grew from $52k to $53k (+2.4%), an average of +1.2% a year. Over the whole period it spent 98% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Farney Elementary Parent-Teacher Organization sits at the 23rd percentile: it is larger than about 23% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 21st percentile within TX. Charities of a similar size with the same main cause include Liberty Foundation for Education ($53k), Clipper Foundation ($53k) and Calamus Wheatland Athletic Boosters Club ($53k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 19% of the total. At year end it held assets of $20k against liabilities of $0, net assets of $20k.