Polk Institute Foundation

Analysis

Polk Institute Foundation is a registered charity in United States, based in Carson, CA. It received its IRS tax-exemption ruling in May 2021, 5 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Polk Institute Foundation reported income of $77k and spending of $127k, spending 166% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $125k to $77k (-39%), an average of -39% a year. The sharpest change came in the year to December 2023, when income dropped by 39%. Over the whole period it spent 99% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Polk Institute Foundation sits at the 33rd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 32nd percentile within CA. Charities of a similar size with the same main cause include PTA Arizona Congress of Parents & Teachers Inc ($77k), Help Educate Leadership Program Inc ($77k) and Los Angeles School Services Inc ($76k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $24k against liabilities of $1,973, net assets of $22k.