Norman & Elaine Polsky Family Foundation

Analysis

Norman & Elaine Polsky Family Foundation is a registered charity in United States, based in Overland Park, KS. It received its IRS tax-exemption ruling in January 1992, 34 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Norman & Elaine Polsky Family Foundation reported income of $105k and spending of $526k, spending 499% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $17k to $105k (+518%), an average of +58% a year. The sharpest change came in the year to December 2020, when income rose by 273%. Over the whole period it spent 287% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Norman & Elaine Polsky Family Foundation sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 36th percentile within KS. Charities of a similar size with the same main cause include Friends of Transylvania County Library ($105k), Rockdale County High School Band Booster Association Inc ($105k) and Fitchburg Cultural Alliance Inc ($105k).

At year end it held assets of $2.0m against liabilities of $2,000, net assets of $2.0m.