Polk County and Bolivar Charitable Trust

Analysis

Polk County and Bolivar Charitable Trust is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in February 1987, 39 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Polk County and Bolivar Charitable Trust reported income of $81k and spending of $242k, spending 301% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $170k to $81k (-53%), an average of -17% a year. The sharpest change came in the year to December 2021, when income rose by 188%. Over the whole period it spent 110% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Polk County and Bolivar Charitable Trust sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 33rd percentile within IL. Charities of a similar size with the same main cause include Nit Trichy USA Alumni Chapter ($81k), Western School Corporation Band Boosters Inc ($81k) and Lakes Region Community Services Foundation ($80k).

At year end it held assets of $3.4m against liabilities of $200k, net assets of $3.2m.