Polish Museum of America

Analysis

Polish Museum of America is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in June 1943, 83 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 (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, Polish Museum of America reported income of $1.2m and spending of $764k, leaving 34% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $746k to $1.2m (+56%), an average of +12% a year. The sharpest change came in the year to December 2023, when income rose by 26%. Over the whole period it spent 76% 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 Museum of America sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 80th percentile within IL. Charities of a similar size with the same main cause include Oh Wow the Roger & Gloria Jones Childrens Center for Science & Tec ($1.2m), Albuquerque Little Theatre Inc ($1.2m) and Crescendo Competitions Inc ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 76% and program service revenue 1.5% of the total. Other salaries and wages came to $384k. At year end it held assets of $2.3m against liabilities of $0, net assets of $2.3m. It reported 14 employees.