Polson Park and Museum Historical Society

Analysis

Polson Park and Museum Historical Society is a registered charity in United States, based in Hoquiam, WA. It received its IRS tax-exemption ruling in August 1976, 50 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 2021, Polson Park and Museum Historical Society reported income of $276k and spending of $183k, leaving 34% of income unspent that year. Across the 4 years on record, from December 2018 to December 2021, income grew from $132k to $276k (+109%), an average of +28% a year. The sharpest change came in the year to December 2019, when income rose by 41%. 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, Polson Park and Museum Historical Society sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 58th percentile within WA. Charities of a similar size with the same main cause include Volunteers of America Inc ($276k), San Jose Parents Participating Nursery School ($276k) and Pioneer Farm Museum ($276k).

On its Form 990 for the period ending December 2021, revenue came from contributions and grants 68% and program service revenue 7.7% of the total. Compensation of current officers, directors and key employees was $49k (27% of expenses). Other salaries and wages came to $29k. At year end it held assets of $1.2m against liabilities of $0, net assets of $1.2m. It reported 3 employees.