Polk Pre-Collegiate Academy

Analysis

Polk Pre-Collegiate Academy is a registered charity in United States, based in Winter Haven, FL. It received its IRS tax-exemption ruling in November 2011, 15 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Polk Pre-Collegiate Academy reported income of $201k and spending of $492k, spending 244% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $951k to $201k (-79%), an average of -32% a year. The sharpest change came in the year to June 2023, when income dropped by 84%. Over the whole period it spent 99% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Polk Pre-Collegiate Academy sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 58th percentile within FL. Charities of a similar size with the same main cause include N J E C C Inc ($201k), Community Choice Credit Union Foundation ($201k) and Stevens PTA 6 15 327 ($201k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 97% of the total. Other salaries and wages came to $135k. At year end it held assets of $119k against liabilities of $10k, net assets of $109k. It reported 5 employees.