Wood Gormley Elementary School Parent-Teachers Club

Analysis

Wood Gormley Elementary School Parent-Teachers Club is a registered charity in United States, based in Santa Fe, NM. It received its IRS tax-exemption ruling in September 1988, 38 years ago. 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, Wood Gormley Elementary School Parent-Teachers Club reported income of $52k and spending of $35k, leaving 32% of income unspent that year. Across the 2 years on record, from June 2022 to June 2023, income grew from $11k to $52k (+362%), an average of +362% a year. The sharpest change came in the year to June 2023, when income rose by 362%. Over the whole period it spent 102% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Wood Gormley Elementary School Parent-Teachers Club sits at the 20th percentile: it is larger than about 20% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 16th percentile within NM. Charities of a similar size with the same main cause include West Potomac Band Patrons Organization ($52k), PTA California Congress of Parents Teachers & Students Inc ($52k) and Tolby Supporting Organizationendowment Trust Arizona ($52k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 1.1% of the total. At year end it held assets of $173k against liabilities of $940, net assets of $172k.