Polk Ecumenical Action Council for Empowerment Inc

Analysis

Polk Ecumenical Action Council for Empowerment Inc is a registered charity in United States, based in Lakeland, FL. It received its IRS tax-exemption ruling in September 2001, 25 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Polk Ecumenical Action Council for Empowerment Inc reported income of $279k and spending of $198k, leaving 29% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $253k to $279k (+10%), an average of +2.5% a year. The sharpest change came in the year to December 2021, when income rose by 34%. Over the whole period it spent 69% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Polk Ecumenical Action Council for Empowerment Inc sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 63rd percentile within FL. Charities of a similar size with the same main cause include Durham Central Park ($279k), Lens Foundation ($279k) and Youthbuild Quad Cities ($278k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $78k (39% of expenses). Other salaries and wages came to $39k. At year end it held assets of $427k against liabilities of $3,227, net assets of $423k. It reported 3 employees.