Polo Cares

Analysis

Polo Cares is a registered charity in United States, based in Scottsdale, AZ. It received its IRS tax-exemption ruling in March 2014, 12 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Polo Cares reported income of $80k and spending of $83k, spending 104% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $87k to $80k (-7.8%), an average of -7.8% a year. Over the whole period it spent 100% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Polo Cares sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 28th percentile within AZ. Charities of a similar size with the same main cause include The M-W Sno-Skeeters Club Inc ($80k), Niagara Frontier Athletic League Inc ($80k) and Lunenburg Youth Soccer Association ($80k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 13% and program service revenue 87% of the total. At year end it held assets of $111k against liabilities of $0, net assets of $111k.