Belmonte Upper Elementary School PTO

Analysis

Belmonte Upper Elementary School PTO is a registered charity in United States, based in Saugus, MA. It received its IRS tax-exemption ruling in March 2022, 4 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 2024, Belmonte Upper Elementary School PTO reported income of $102k and spending of $118k, spending 115% of what it took in. Across the 2 years on record, from June 2023 to June 2024, income fell from $131k to $102k (-22%), an average of -22% a year. The sharpest change came in the year to June 2024, when income dropped by 22%. Over the whole period it spent 115% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Belmonte Upper Elementary School PTO sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 44th percentile within MA. Charities of a similar size with the same main cause include Springfield Mayors Day at Baltusrol Inc ($102k), Parent Teacher Organization of Gpa ($102k) and Martha Mason Hill Memorial Foundation Inc ($102k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 100% of the total. At year end it held assets of $29k against liabilities of $0, net assets of $29k.