Polaris Research Institute Inc

Analysis

Polaris Research Institute Inc is a registered charity in United States, based in Berkeley, CA. It received its IRS tax-exemption ruling in March 2019, 7 years ago. Its declared purposes cover science and technology, 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 December 2022, Polaris Research Institute Inc reported income of $2.1m and spending of $2.3m, spending 105% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income grew from $1.1m to $2.1m (+96%), an average of +25% a year. The sharpest change came in the year to December 2022, when income rose by 305%. Over the whole period it spent 90% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Polaris Research Institute Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 87th percentile within CA. Charities of a similar size with the same main cause include Philharmonia Baroque Orchestra & Chorale ($2.1m), Northern Clay Center ($2.1m) and Success Institute ($2.1m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $24k (1.1% of expenses). At year end it held assets of $604k against liabilities of $12k, net assets of $592k. It reported 1 employees.