Polk County School Readiness Coalition Inc

Analysis

Polk County School Readiness Coalition Inc is a registered charity in United States, based in Lakeland, FL. It received its IRS tax-exemption ruling in September 2000, 26 years ago. Its declared purposes cover education, which this site groups under education and training. 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 County School Readiness Coalition Inc reported income of $91.2m and spending of $91.3m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $36.0m to $91.2m (+153%), an average of +26% a year. The sharpest change came in the year to June 2023, when income rose by 65%. Over the whole period it spent 100% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Polk County School Readiness Coalition Inc sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within FL. Charities of a similar size with the same main cause include Trevecca Nazarene University ($90.7m), Texas Association of School Boards Inc ($91.4m) and Cranbrook Educational Community ($90.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% and program service revenue 0.2% of the total. Compensation of current officers, directors and key employees was $505k (0.6% of expenses). Other salaries and wages came to $3.8m. At year end it held assets of $7.8m against liabilities of $7.6m, net assets of $233k. It reported 103 employees.