Michael M Boone Elementary Parent- Teacher Organization

Analysis

Michael M Boone Elementary Parent- Teacher Organization is a registered charity in United States, based in Dallas, TX. It received its IRS tax-exemption ruling in September 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, Michael M Boone Elementary Parent- Teacher Organization reported income of $1.7m and spending of $1.4m, spending 84% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $415k to $1.7m (+305%), an average of +59% a year. The sharpest change came in the year to June 2021, when income rose by 127%. Over the whole period it spent 78% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Michael M Boone Elementary Parent- Teacher Organization sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 88th percentile within TX. Charities of a similar size with the same main cause include Otis Library ($1.7m), Linn-Benton Community College Foundation Inc ($1.7m) and Cleveland Community College Foundation Inc ($1.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 72% and program service revenue 34% of the total. At year end it held assets of $1.1m against liabilities of $145k, net assets of $984k.