Polk Education Foundation and Business Partnership Inc

Analysis

Polk Education Foundation and Business Partnership Inc is a registered charity in United States, based in Bartow, FL. It received its IRS tax-exemption ruling in April 1990, 36 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 June 2023, Polk Education Foundation and Business Partnership Inc reported income of $3.0m and spending of $1.9m, leaving 37% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $2.2m to $3.0m (+34%), an average of +10% a year. The sharpest change came in the year to June 2022, when income rose by 16%. Over the whole period it spent 77% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Polk Education Foundation and Business Partnership Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 90th percentile within FL. Charities of a similar size with the same main cause include Humility of Mary Housing Program ($3.0m), Healing Abuse Working for Change Inc ($3.0m) and Sierra Environmental & Social Service ($3.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 90% of the total. At year end it held assets of $11.0m against liabilities of $102k, net assets of $10.9m.