Polish Institute of Arts & Sciences in America Inc

Analysis

Polish Institute of Arts & Sciences in America Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in September 1949, 77 years ago. 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, Polish Institute of Arts & Sciences in America Inc reported income of $469k and spending of $372k, leaving 21% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $752k to $469k (-38%), an average of -11% a year. The sharpest change came in the year to December 2023, when income rose by 65%. Over the whole period it spent 67% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Polish Institute of Arts & Sciences in America Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 65th percentile within NY. Charities of a similar size with the same main cause include Ebenezer Methodist Church ($469k), Moberly Area Community College Foundation Incorporated ($469k) and Kings Local School District Area Community Services Inc ($469k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 8.2% and program service revenue 80% of the total. Compensation of current officers, directors and key employees was $3,600 (1.0% of expenses). Other salaries and wages came to $14k. At year end it held assets of $2.6m against liabilities of $4,139, net assets of $2.6m. It reported 2 employees.