Terraset Elementary School PTO Inc

Analysis

Terraset Elementary School PTO Inc is a registered charity in United States, based in Reston, VA. It received its IRS tax-exemption ruling in February 2017, 9 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 2024, Terraset Elementary School PTO Inc reported income of $55k and spending of $60k, spending 110% of what it took in. Across the 3 years on record, from July 2022 to July 2024, income fell from $59k to $55k (-6.3%), an average of -3.2% a year. The sharpest change came in the year to July 2024, when income dropped by 17%. Over the whole period it spent 95% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Terraset Elementary School PTO Inc sits at the 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 21st percentile within VA. Charities of a similar size with the same main cause include Westlake High School Soccer Boosters Inc ($55k), Jourdanton Education Foundation ($55k) and L R Green Educational Foundation ($55k).

On its Form 990-EZ for the period ending July 2024, revenue came from contributions and grants 45% of the total. At year end it held assets of $44k against liabilities of $0, net assets of $44k.