Polka Lovers Club of Texas Museum

Analysis

Polka Lovers Club of Texas Museum is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in September 2007, 19 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 December 2023, Polka Lovers Club of Texas Museum reported income of $61k and spending of $33k, leaving 45% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $41k to $61k (+46%), an average of +46% a year. The sharpest change came in the year to December 2023, when income rose by 46%. Over the whole period it spent 53% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Polka Lovers Club of Texas Museum sits at the 27th percentile: it is larger than about 27% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 25th percentile within TX. Charities of a similar size with the same main cause include Edge of the Wilderness Discovery Center ($61k), Biodiversity Research Collective ($61k) and American Tapestry Alliance Inc ($60k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 59% and program service revenue 2.6% of the total. At year end it held assets of $306k against liabilities of $0, net assets of $306k.