Polywogs Charities Inc

Analysis

Polywogs Charities Inc is a registered charity in United States, based in St Petersburg, FL. It received its IRS tax-exemption ruling in February 2013, 13 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 December 2023, Polywogs Charities Inc reported income of $262k and spending of $211k, spending 81% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $146k to $262k (+79%), an average of +79% a year. The sharpest change came in the year to December 2023, when income rose by 79%. Over the whole period it spent 88% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Polywogs Charities Inc sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 62nd percentile within FL. Charities of a similar size with the same main cause include Neal & Brooke Brown Foundation Inc ($262k), Spruce Street School PS 397 Parent- Teacher Association Inc ($262k) and 5th Squad ($262k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 85% of the total. At year end it held assets of $55k against liabilities of $0, net assets of $55k.