Polaris North

Analysis

Polaris North is a registered charity in United States, based in New York, NY. 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Polaris North reported income of $66k and spending of $62k, spending 94% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $51k to $66k (+29%), an average of +29% a year. The sharpest change came in the year to December 2023, when income rose by 29%. Over the whole period it spent 102% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Polaris North sits at the 29th percentile: it is larger than about 29% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 27th percentile within NY. Charities of a similar size with the same main cause include Athens of Indiana Arts Studios & Gallery Inc ($66k), Johnny Appleseed Foundation ($66k) and Camp Roberts Historical Museumfoundation ($66k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 38% and program service revenue 11% of the total. At year end it held assets of $47k against liabilities of $0, net assets of $47k.