Polo Training Foundation

Analysis

Polo Training Foundation is a registered charity in United States, based in Lxhtchee GRVS, FL. It received its IRS tax-exemption ruling in June 1967, 59 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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 June 2024, Polo Training Foundation reported income of $665k and spending of $569k, spending 86% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $512k to $665k (+30%), an average of +6.8% a year. The sharpest change came in the year to June 2021, when income rose by 123%. Over the whole period it spent 57% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Polo Training Foundation sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 77th percentile within FL. Charities of a similar size with the same main cause include Treasure Island Sailing Center Foundation ($665k), Rodney Street Tennis Association ($665k) and Rum River BMX Association ($665k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 61% and program service revenue 4.3% of the total. Compensation of current officers, directors and key employees was $117k (21% of expenses). Other salaries and wages came to $23k. At year end it held assets of $7.6m against liabilities of $4,211, net assets of $7.6m. It reported 2 employees.