National Museum of Polo and Hall of Fame

Analysis

National Museum of Polo and Hall of Fame is a registered charity in United States, based in Lake Worth, FL. It received its IRS tax-exemption ruling in August 1984, 42 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 June 2023, National Museum of Polo and Hall of Fame reported income of $644k and spending of $588k, spending 91% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $618k to $644k (+4.3%), an average of +1.1% a year. The sharpest change came in the year to June 2022, when income rose by 209%. Over the whole period it spent 52% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, National Museum of Polo and Hall of Fame sits at the 81st percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 76th percentile within FL. Charities of a similar size with the same main cause include Korean American Center ($644k), City Opera House Heritage Association Inc ($645k) and Saturday in the Park Inc ($644k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 84% of the total. Compensation of current officers, directors and key employees was $77k (13% of expenses). Other salaries and wages came to $85k. At year end it held assets of $10.0m against liabilities of $23k, net assets of $9.9m. It reported 4 employees.