Polistes Foundation

Analysis

Polistes Foundation is a registered charity in United States, based in Belmont, MA. It received its IRS tax-exemption ruling in October 2002, 24 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Polistes Foundation reported income of $115k and spending of $61k, leaving 47% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $200k to $115k (-42%), an average of -42% a year. The sharpest change came in the year to December 2023, when income dropped by 42%. Over the whole period it spent 94% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Polistes Foundation sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 47th percentile within MA. Charities of a similar size with the same main cause include Ridgeview Charter School Foundation Inc ($115k), Naperville Youth Club ($115k) and Texas Academic Advising Network ($115k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $94k against liabilities of $0, net assets of $94k.