Polk Training Center Inc

Analysis

Polk Training Center Inc is a registered charity in United States, based in Eagle Lake, FL. It received its IRS tax-exemption ruling in October 1990, 36 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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 May 2024, Polk Training Center Inc reported income of $65k and spending of $125k, spending 191% of what it took in. Across the 5 years on record, from May 2020 to May 2024, income fell from $315k to $65k (-79%), an average of -33% a year. The sharpest change came in the year to May 2023, when income rose by 259%. Over the whole period it spent 66% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Polk Training Center Inc sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 29th percentile within FL. Charities of a similar size with the same main cause include Smart Kinston City Project Foundation ($65k), Boggs Rural Life Center Inc ($65k) and Hettinger County Activities Association ($65k).

On its Form 990 for the period ending May 2024, revenue came from contributions and grants 7.6% and program service revenue 56% of the total. Other salaries and wages came to $70k. At year end it held assets of $893k against liabilities of $33k, net assets of $860k. It reported 10 employees.