Legend Springs Elementary PTO

Analysis

Legend Springs Elementary PTO is a registered charity in United States, based in Glendale, AZ. It received its IRS tax-exemption ruling in October 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, Legend Springs Elementary PTO reported income of $72k and spending of $56k, leaving 22% of income unspent that year. Across the 3 years on record, from July 2022 to June 2024, income grew from $22k to $72k (+220%), an average of +79% a year. The sharpest change came in the year to July 2023, when income rose by 307%. Over the whole period it spent 50% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Legend Springs Elementary PTO sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 26th percentile within AZ. Charities of a similar size with the same main cause include Hanover Foundation for Excellence in Education Inc ($72k), Gladwyne Hsa ($72k) and Rotary Club of Fair Oaks Ranch Foundation ($72k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 23% and program service revenue 9.9% of the total. At year end it held assets of $92k against liabilities of $0, net assets of $92k.