Is Folger Mckinsey Elementary Schoolpto Legit?

Folger Mckinsey Elementary Schoolpto demonstrates consistent financial activity typical of a parent-teacher organization, with revenues fluctuating between approximately $32,000 and $100,000 over the past decade. The organization generally maintains a healthy asset base, with current assets at $63,128, and has consistently reported zero liabilities, indicating strong financial solvency and responsible management of funds. While the 202406 period showed expenses exceeding revenue by nearly $19,000 ($99,119 expenses vs. $80,394 revenue), this appears to be an anomaly in an otherwise stable trend where expenses are either balanced or below revenue, as seen in 202306 where revenue significantly outpaced expenses ($88,581 vs. $53,981). The organization's transparency is excellent, as evidenced by its consistent filing of IRS Form 990s over 14 periods and the explicit reporting of 0% officer compensation across all available filings. This indicates that the organization is run by volunteers, minimizing administrative overhead and maximizing funds available for its programs. The NTEE code B94 (Parent or Booster Clubs) aligns well with its name and operational scope, suggesting a clear mission focus. The absence of liabilities further enhances its transparency and financial health, as there are no outstanding debts to obscure its financial position. Overall, Folger Mckinsey Elementary Schoolpto appears to be a well-managed and transparent organization, effectively utilizing its resources to support its mission. While the recent deficit in 202406 warrants observation, the historical data suggests a pattern of prudent financial stewardship. Its volunteer-driven model and clear financial reporting contribute significantly to its positive financial health and transparency.