James K Polk Memorial Association

Analysis

James K Polk Memorial Association is a registered charity in United States, based in Columbia, TN. It received its IRS tax-exemption ruling in October 1949, 77 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, James K Polk Memorial Association reported income of $400k and spending of $353k, spending 88% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $491k to $400k (-18%), an average of -5.0% a year. The sharpest change came in the year to June 2023, when income rose by 119%. Over the whole period it spent 93% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, James K Polk Memorial Association sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 68th percentile within TN. Charities of a similar size with the same main cause include Zilker Theatre Productions ($400k), Early Music America Inc ($400k) and Community School of Music & Arts ($400k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 39% of the total. Other salaries and wages came to $182k. At year end it held assets of $1.7m against liabilities of $3,959, net assets of $1.6m. It reported 12 employees.