Polish American Association

Analysis

Polish American Association is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in August 1922, 104 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2023, Polish American Association reported income of $5.9m and spending of $5.8m, spending 97% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $4.1m to $5.9m (+46%), an average of +9.9% a year. The sharpest change came in the year to June 2023, when income rose by 45%. Over the whole period it spent 101% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Polish American Association sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 93rd percentile within IL. Charities of a similar size with the same main cause include United Childrens Services of Bennington County Inc ($5.9m), United South End Settlements ($5.9m) and Pivot Inc ($5.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 84% and program service revenue 16% of the total. Compensation of current officers, directors and key employees was $287k (5.0% of expenses). Other salaries and wages came to $3.6m. At year end it held assets of $2.4m against liabilities of $1.0m, net assets of $1.3m. It reported 162 employees.