Polk Arts Alliance Inc

Analysis

Polk Arts Alliance Inc is a registered charity in United States, based in Lakeland, FL. It received its IRS tax-exemption ruling in September 2004, 22 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Polk Arts Alliance Inc reported income of $189k and spending of $192k, spending 102% of its income. Across the 2 years on record, from September 2022 to September 2023, income grew from $129k to $189k (+47%), an average of +46% a year. The sharpest change came in the year to September 2023, when income rose by 47%. Over the whole period it spent 99% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Polk Arts Alliance Inc sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 56th percentile within FL. Charities of a similar size with the same main cause include The Living Earth Show ($189k), Lilac Preservation Project ($189k) and The Temple Theater for the Performing Arts Inc ($189k).

On its Form 990-EZ for the period ending September 2023, revenue came from contributions and grants 87% of the total. At year end it held assets of $104k against liabilities of $36k, net assets of $68k.