International Polka Association

Analysis

International Polka Association is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in June 1988, 38 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 May 2024, International Polka Association reported income of $111k and spending of $99k, spending 89% of its income. Across the 4 years on record, from May 2020 to May 2024, income grew from $87k to $111k (+27%), an average of +8.3% a year. The sharpest change came in the year to May 2023, when income rose by 172%. Over the whole period it spent 104% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, International Polka Association sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 41st percentile within IL. Charities of a similar size with the same main cause include Camp ($111k), Sherborn Community Center Foundation Inc ($111k) and Boreal Theater ($111k).

On its Form 990-EZ for the period ending May 2024, revenue came from contributions and grants 81% and program service revenue 2.7% of the total. At year end it held assets of $203k against liabilities of $0, net assets of $203k.