Fryderyk Chopin Polish School in Palatine

Analysis

Fryderyk Chopin Polish School in Palatine is a registered charity in United States, based in Hoffman Est, IL. It received its IRS tax-exemption ruling in December 1994, 32 years ago. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending May 2024, Fryderyk Chopin Polish School in Palatine reported income of $539k and spending of $460k, spending 85% of its income. Across the 5 years on record, from May 2020 to May 2024, income grew from $496k to $539k (+8.8%), an average of +2.1% a year. The sharpest change came in the year to May 2021, when income dropped by 24%. Over the whole period it spent 89% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Fryderyk Chopin Polish School in Palatine sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 71st percentile within IL. Charities of a similar size with the same main cause include 100 Groton Parkway Inc ($539k), State Government Affairs Council Foundation ($539k) and Eastmont Community Foudation Inc ($539k).

On its Form 990 for the period ending May 2024, revenue came from contributions and grants 6.6% and program service revenue 93% of the total. It paid $15k in professional fundraising fees. At year end it held assets of $629k against liabilities of $139k, net assets of $489k.