Polish Cultural Foundation Inc

Analysis

Polish Cultural Foundation Inc is a registered charity in United States, based in Clark, NJ. It received its IRS tax-exemption ruling in December 2024, 2 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, Polish Cultural Foundation Inc reported income of $209k and spending of $261k, spending 125% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $557k to $209k (-62%), an average of -22% a year. The sharpest change came in the year to December 2021, when income rose by 58%. Over the whole period it spent 116% 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 Cultural Foundation Inc sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 62nd percentile within NJ. Charities of a similar size with the same main cause include Inland Valley Classical Ballet Theater ($209k), Center Stage Theater ($209k) and Fptower Inc ($209k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 68% and program service revenue 23% of the total. Other salaries and wages came to $21k. At year end it held assets of $1.4m against liabilities of $86k, net assets of $1.3m.