The American Slovenian Polka Foundation

Analysis

The American Slovenian Polka Foundation is a registered charity in United States, based in Euclid, OH. It received its IRS tax-exemption ruling in December 2019, 7 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 March 2024, The American Slovenian Polka Foundation reported income of $78k and spending of $43k, leaving 45% of income unspent that year. Across the 2 years on record, from March 2023 to March 2024, income grew from $62k to $78k (+26%), an average of +26% a year. The sharpest change came in the year to March 2024, when income rose by 26%. Over the whole period it spent 69% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, The American Slovenian Polka Foundation sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 31st percentile within OH. Charities of a similar size with the same main cause include Airdance New Mexico Inc ($78k), Friends of the Music Mansion Inc ($78k) and Lake County Symphony Orchestra ($78k).

On its Form 990-EZ for the period ending March 2024, revenue came from contributions and grants 19% and program service revenue 16% of the total. At year end it held assets of $325k against liabilities of $258, net assets of $325k.