Magnolia Elementary PTA 6 15 2

Analysis

Magnolia Elementary PTA 6 15 2 is a registered charity in United States, based in Seattle, WA. It received its IRS tax-exemption ruling in February 2020, 6 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Magnolia Elementary PTA 6 15 2 reported income of $87k and spending of $89k, spending 102% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $35k to $87k (+150%), an average of +20% a year. The sharpest change came in the year to June 2020, when income rose by 70%. Over the whole period it spent 72% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Magnolia Elementary PTA 6 15 2 sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 28th percentile within WA. Charities of a similar size with the same main cause include 1926 Foundation ($87k), Armor Academy ($87k) and Center for Anglican Theology Liturgy and Spiritual Formation in ($87k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 80% and program service revenue 20% of the total. At year end it held assets of $109k against liabilities of $0, net assets of $109k.