Polar Education Foundation

Analysis

Polar Education Foundation is a registered charity in United States, based in Canada. It received its IRS tax-exemption ruling in July 2014, 12 years ago. Its declared purposes cover environment, which this site groups under environment and conservation. 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, Polar Education Foundation reported income of $252k and spending of $503k, spending 200% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $404k to $252k (-38%), an average of -11% a year. The sharpest change came in the year to December 2023, when income rose by 3581%. Over the whole period it spent 88% of the income it received.

Among 10,430 United States charities whose main cause is environment and conservation and that reported income, Polar Education Foundation sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 58th percentile. Charities of a similar size with the same main cause include Houston Clean City Commission Inc ($251k), Yadkin-Pee-Dee River Basin Association ($252k) and Restore Hetch Hetchy ($251k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $141k against liabilities of $8,500, net assets of $132k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.