Polish Heritage Center Foundation at Panna Maria

Analysis

Polish Heritage Center Foundation at Panna Maria is a registered charity in United States, based in Panna Maria, TX. It received its IRS tax-exemption ruling in April 2013, 13 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, Polish Heritage Center Foundation at Panna Maria reported income of $1.3m and spending of $900k, leaving 33% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $3.1m to $1.3m (-57%), an average of -19% a year. The sharpest change came in the year to December 2022, when income dropped by 55%. Over the whole period it spent 26% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Polish Heritage Center Foundation at Panna Maria sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 86th percentile within TX. Charities of a similar size with the same main cause include Kahuli Leo Lea ($1.3m), Bennington Museum Inc ($1.3m) and Womens Studio Workshop Inc ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $129k (14% of expenses). Other salaries and wages came to $15k. At year end it held assets of $13.6m against liabilities of $371k, net assets of $13.2m. It reported 5 employees.