TAG PTA INC
Mission Statement
TAG PTA, Inc. is the parent teacher association for the Talented and Gifted School for Young Scholars M012 (“TAG”), a K-8 public school for academically gifted children located in East Harlem, in New York City. TAG PTA, Inc. was formed by parents and teachers of students who attend TAG, in accordance with the Chancellor's Regulations for the Department of Education of the City of New York. Pursuant to the Chancellor's Regulations, every parent of a child at the TAG School is automatically a member of the PTA. Like other PTA's, TAG PTA, Inc. seeks to encourage and support meaningful parental involvement in the school and to provide financial support to the TAG School, enabling the school to provide additional academic and enrichment programs that will help students at the school reach their full potential. Previously an unincorporated association, TAG PTA, Inc. officially became incorporated on January, 12, 2012 in the State of New York. In 2013, TAG PTA, Inc. was awarded 501c3 tax exempt status from the IRS, which expanded its ability to support academic and enrichment programs for students at the TAG School.
Financial Overview — FY 2023
Compared with Peers
FY 2023| Ratio | This org | Peer median | Position (P10 → P90) | |
|---|---|---|---|---|
|
Program expense ratio
Program expenses / total expenses
· higher is better
|
95.2% | 88.7% |
P10P90
|
Above median |
|
Admin expense ratio
Management and general / total expenses
· lower is better
|
4.8% | 8.8% |
P10P90
|
Above median |
|
Fundraising expense ratio
Fundraising expenses / total expenses
· lower is better
|
0.0% | 0.0% |
P10P90
|
Top quarter |
|
Fundraising efficiency
Fundraising expenses / gross fundraising income
· lower is better
|
0.0% | 1.9% |
P10P90
|
Top quarter |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
32.5 mo | 9.7 mo |
P10P90
|
Top quarter |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
0.0% | 0.5% |
P10P90
|
Top quarter |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
75.6% | 90.2% |
P10P90
|
Above median |
|
Revenue growth
Year over year revenue growth
|
-34.4% | 8.6% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
782.3% | 13.1% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
24.2% | 2.3% |
P10P90
|
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2023 | $240K | $182K | $493K | 95.2% | 0 |
| 2022 | $366K | $21K | N/A | — | 1 |
| 2021 | $113K | $140K | N/A | — | 0 |
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