Polish American Foundation of Connecticut Inc

Analysis

Polish American Foundation of Connecticut Inc is a registered charity in United States, based in New Britain, CT. It received its IRS tax-exemption ruling in May 1997, 29 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 June 2023, Polish American Foundation of Connecticut Inc reported income of $457k and spending of $422k, spending 92% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $334k to $457k (+37%), an average of +8.2% a year. The sharpest change came in the year to June 2022, when income rose by 168%. Over the whole period it spent 93% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Polish American Foundation of Connecticut Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 66th percentile within CT. Charities of a similar size with the same main cause include Kentucky Historical Society Foundation Inc ($457k), Parker Players Theater Company ($457k) and Academy of Music of the Paderewski Symphony Orchestra ($457k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 46% and program service revenue 51% of the total. At year end it held assets of $961k against liabilities of $327k, net assets of $635k.