Forest Hill Elementary School PTO

Analysis

Forest Hill Elementary School PTO is a registered charity in United States, based in Memphis, TN. It received its IRS tax-exemption ruling in December 2019, 7 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 2023, Forest Hill Elementary School PTO reported income of $79k and spending of $95k, spending 120% of what it took in. Across the 2 years on record, from June 2022 to June 2023, income grew from $61k to $79k (+29%), an average of +29% a year. The sharpest change came in the year to June 2023, when income rose by 29%. Over the whole period it spent 87% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Forest Hill Elementary School PTO sits at the 33rd percentile: it is larger than about 33% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 30th percentile within TN. Charities of a similar size with the same main cause include Castle High School Show Choir Booster Club Inc ($79k), Oxfest Charities Inc ($79k) and Legacy Bronco Band Boosters ($79k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 1.9% and program service revenue 86% of the total. At year end it held assets of $41k against liabilities of $0, net assets of $41k.