Polaris Foundation Inc
EIN: 260770892 · Indianapolis, IN · NTEE: P50
| Metric | Value |
|---|---|
| Total Revenue | $622K |
| Total Expenses | $482K |
| Net Assets | $165K |
Is Polaris Foundation Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Polaris Foundation Inc
Polaris Foundation Inc (EIN: 260770892) is a nonprofit organization based in Indianapolis, IN, classified under NTEE code P50. The organization reported total revenue of $622K and total assets of $328K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Polaris Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Polaris Foundation Inc is a small nonprofit that has been operating for 17 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 3.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $458K |
| Total Expenses | $482K |
| Surplus / Deficit | $-23,792 |
| Total Assets | $165K |
| Total Liabilities | $1 |
| Net Assets | $165K |
| Operating Margin | -5.2% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 4.1 months |
Financial Health Grade: B
In 2023, Polaris Foundation Inc reported a deficit of $24K with expenses exceeding revenue, holds 4.1 months of operating reserves (adequate), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Polaris Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 3.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -7.2% | -14.3% | -12.6% |
| 2022 | -17.2% | -5.3% | -26.9% |
| 2021 | +17.0% | +34.6% | +0.9% |
| 2020 | +59.3% | +75.3% | +37.3% |
| 2019 | -6.2% | -33.2% | +232.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2009 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Polaris Foundation Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Polaris Foundation Inc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $24K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Frequently Asked Questions about Polaris Foundation Inc
Is Polaris Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Polaris Foundation Inc (EIN: 260770892) insufficient data. 0 red flags identified, 0 strengths noted.
How does Polaris Foundation Inc spend its money?
Detailed spending breakdown data is not yet available for Polaris Foundation Inc. Check back for updated IRS 990 analysis.
Are donations to Polaris Foundation Inc tax-deductible?
Polaris Foundation Inc is registered as a tax-exempt nonprofit (EIN: 260770892). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Polaris Foundation Inc located?
Polaris Foundation Inc is headquartered in Indianapolis, Indiana and files with the IRS under EIN 260770892. It is classified under NTEE code P50.
How many years of IRS 990 filings does Polaris Foundation Inc have?
Polaris Foundation Inc has 10 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $622K in total revenue.
Filing History
IRS 990 filing history for Polaris Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Polaris Foundation Inc's revenue has grown by 47.2%, moving from $311K to $458K. Total assets decreased by 38.4% over the same period, from $267K to $165K. Total functional expenses rose by 300.7%, from $120K to $482K. In its most recent filing year (2023), Polaris Foundation Inc reported a deficit of $24K, with expenses exceeding revenue. The organization holds $1 in liabilities against $165K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $165K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $458K | $482K | $165K | $1 | — | View 990 |
| 2022 | $493K | $562K | $189K | $1 | — | View 990 |
| 2021 | $596K | $594K | $258K | $1 | — | View 990 |
| 2020 | $509K | $441K | $256K | $1 | — | View 990 |
| 2019 | $320K | $252K | $186K | $0 | — | View 990 |
| 2015 | $341K | $377K | $56K | $0 | — | View 990 |
| 2014 | $338K | $376K | $92K | $1 | — | View 990 |
| 2013 | $258K | $303K | $130K | $1 | — | View 990 |
| 2012 | $160K | $185K | $243K | $1 | — | View 990 |
| 2011 | $311K | $120K | $267K | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $458K, expenses of $482K, and assets of $165K (revenue -7.2% year-over-year).
- 2022: Revenue of $493K, expenses of $562K, and assets of $189K (revenue -17.2% year-over-year).
- 2021: Revenue of $596K, expenses of $594K, and assets of $258K (revenue +17.0% year-over-year).
- 2020: Revenue of $509K, expenses of $441K, and assets of $256K (revenue +59.3% year-over-year).
- 2019: Revenue of $320K, expenses of $252K, and assets of $186K (revenue -6.2% year-over-year).
- 2015: Revenue of $341K, expenses of $377K, and assets of $56K (revenue +0.7% year-over-year).
- 2014: Revenue of $338K, expenses of $376K, and assets of $92K (revenue +31.4% year-over-year).
- 2013: Revenue of $258K, expenses of $303K, and assets of $130K (revenue +60.6% year-over-year).
- 2012: Revenue of $160K, expenses of $185K, and assets of $243K (revenue -48.4% year-over-year).
- 2011: Revenue of $311K, expenses of $120K, and assets of $267K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Polaris Foundation Inc:
Data Sources and Methodology
This transparency report for Polaris Foundation Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.