Connected Polk Inc

Analysis

Connected Polk Inc is a registered charity in United States, based in Lakeland, FL. It received its IRS tax-exemption ruling in October 2019, 7 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 December 2023, Connected Polk Inc reported income of $320k and spending of $342k, spending 107% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $252k to $320k (+27%), an average of +6.1% a year. The sharpest change came in the year to December 2023, when income rose by 124%. Over the whole period it spent 93% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Connected Polk Inc sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 66th percentile within FL. Charities of a similar size with the same main cause include Central Virginia Governors School Foundation ($320k), Habitat for Humanity International Inc ($320k) and Independence High School 76th Cavalry Band Boosters Club ($320k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 111% of the total. Compensation of current officers, directors and key employees was $228k (67% of expenses). At year end it held assets of $86k against liabilities of $1,184, net assets of $85k. It reported 3 employees.