Albin Polasek Museum and Sculpture Gardens Inc

Analysis

Albin Polasek Museum and Sculpture Gardens Inc is a registered charity in United States, based in Winter Park, FL. It received its IRS tax-exemption ruling in February 1966, 60 years ago. 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, Albin Polasek Museum and Sculpture Gardens Inc reported income of $842k and spending of $821k, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $794k to $842k (+6.0%), an average of +1.5% a year. The sharpest change came in the year to December 2021, when income rose by 69%. Over the whole period it spent 105% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Albin Polasek Museum and Sculpture Gardens Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 79th percentile within FL. Charities of a similar size with the same main cause include Greater Miami Youth Symphony of Dade County Florida Inc ($842k), Oh-Go ($842k) and Church of Saviour Foundation ($842k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 37% and program service revenue 6.2% of the total. Compensation of current officers, directors and key employees was $101k (12% of expenses). Other salaries and wages came to $285k. At year end it held assets of $3.2m against liabilities of $63k, net assets of $3.1m. It reported 27 employees.