Polish Retirement Foundation

Analysis

Polish Retirement Foundation is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in November 1975, 51 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Polish Retirement Foundation reported income of $214k and spending of $220k, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $267k to $214k (-20%), an average of -5.3% a year. The sharpest change came in the year to December 2022, when income rose by 41%. Over the whole period it spent 100% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Polish Retirement Foundation sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 58th percentile within CA. Charities of a similar size with the same main cause include Good Shepherd Senior Apartments ($214k), Harbor Homes II Inc ($215k) and Presbyterian Oaks II Inc ($214k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 41% and program service revenue 53% of the total. Other salaries and wages came to $82k. At year end it held assets of $887k against liabilities of $19k, net assets of $868k. It reported 3 employees.