Hermantown Parent Teacher Organization

Analysis

Hermantown Parent Teacher Organization is a registered charity in United States, based in Hermantown, MN. It received its IRS tax-exemption ruling in December 2010, 16 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 December 2023, Hermantown Parent Teacher Organization reported income of $110k and spending of $77k, leaving 30% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $50k to $110k (+118%), an average of +118% a year. The sharpest change came in the year to December 2023, when income rose by 118%. Over the whole period it spent 109% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Hermantown Parent Teacher Organization sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 37th percentile within MN. Charities of a similar size with the same main cause include Parent Booster USA Inc ($110k), Harrison Middleton University ($110k) and Somerville Music Boosters Inc ($110k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 71% and program service revenue 29% of the total. At year end it held assets of $62k against liabilities of $0, net assets of $62k.