Polish Cultural Foundation Inc
Polish Cultural Foundation Inc: Declining Revenue and Asset Trends Raise Sustainability Concerns
EIN: 221988373 · Clark, NJ · NTEE: A20 · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $169K |
| Total Expenses | $261K |
| Program Spending | 70% |
| Net Assets | $1.3M |
| Transparency Score | 65/100 |
Is Polish Cultural Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Polish Cultural Foundation Inc directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Polish Cultural Foundation Inc
Polish Cultural Foundation Inc (EIN: 221988373) is a nonprofit organization based in Clark, NJ, classified under NTEE code A20. The organization reported total revenue of $169K and total assets of $1.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Polish Cultural Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Polish Cultural Foundation Inc is a small nonprofit that has been operating for 2 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -9.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $209K |
| Total Expenses | $261K |
| Surplus / Deficit | $-52,121 |
| Total Assets | $1.4M |
| Total Liabilities | $86K |
| Net Assets | $1.3M |
| Operating Margin | -24.9% |
| Debt-to-Asset Ratio | 6.1% |
| Months of Reserves | 65.2 months |
Financial Health Grade: B
In 2023, Polish Cultural Foundation Inc reported a deficit of $52K with expenses exceeding revenue, holds 65.2 months of operating reserves (strong position), has a debt-to-asset ratio of 6.1% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Polish Cultural Foundation Inc's revenue has declined at a compound annual growth rate (CAGR) of -9.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -6.5% | -20.3% | -5.3% |
| 2022 | -41.5% | -1.1% | -6.6% |
| 2021 | +58.1% | -11.2% | +3.4% |
| 2020 | -56.6% | -36.0% | -8.2% |
| 2019 | +15.5% | -7.8% | -5.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2024 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Polish Cultural Foundation Inc with a Mission Score of 65 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 70%
- fundraising: 15%
According to IRS 990 filings, Polish Cultural Foundation Inc allocates its expenses as follows: admin: 15%, programs: 70%, fundraising: 15%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $52K, with expenses exceeding revenue.
- Debt-to-asset ratio: 6.1%.
Executive Compensation Analysis
Executive compensation cannot be assessed from the provided data, as no specific compensation figures for executives are included.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Polish Cultural Foundation Inc's IRS 990 filings:
- Total revenue has shown a significant downward trend, decreasing from $584,421 in 2017 to $169,465 in 2023, representing a 71% decline.
- Total assets have also steadily declined from $1,916,700 in 2017 to $1,315,311 in 2023, indicating a shrinking financial base.
- Expenses have frequently exceeded revenue in recent years (e.g., 2023: $261,149 expenses vs. $209,028 revenue; 2022: $327,848 expenses vs. $223,527 revenue), suggesting potential operational deficits.
Strengths
The following positive indicators were identified for Polish Cultural Foundation Inc:
- The organization has maintained a substantial asset base, with over $1.3 million in assets as of 2023, providing some financial cushion despite declining trends.
- Consistent annual financial filings are available, demonstrating a commitment to regulatory compliance and transparency in reporting overall financial figures.
Frequently Asked Questions about Polish Cultural Foundation Inc
Is Polish Cultural Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Polish Cultural Foundation Inc (EIN: 221988373) some concerns. Mission Score: 65/100. 3 red flags identified, 2 strengths noted.
How does Polish Cultural Foundation Inc spend its money?
Polish Cultural Foundation Inc directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Polish Cultural Foundation Inc tax-deductible?
Polish Cultural Foundation Inc is registered as a tax-exempt nonprofit (EIN: 221988373). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Polish Cultural Foundation Inc's spending goes to programs?
Polish Cultural Foundation Inc directs 70% to programs, 15% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
How does Polish Cultural Foundation Inc compare to similar nonprofits?
With a transparency score of 65/100 (Good), Polish Cultural Foundation Inc is above average for NTEE category A20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Polish Cultural Foundation Inc located?
Polish Cultural Foundation Inc is headquartered in Clark, New Jersey and files with the IRS under EIN 221988373. It is classified under NTEE code A20.
How many years of IRS 990 filings does Polish Cultural Foundation Inc have?
Polish Cultural Foundation Inc has 13 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 $169K in total revenue.
What does Polish Cultural Foundation Inc do?
Polish Cultural Foundation Inc is a nonprofit organization in the Arts, Culture & Humanities sector, located in Clark, New Jersey. It is classified under NTEE code A20.
How much revenue does Polish Cultural Foundation Inc have?
Polish Cultural Foundation Inc reported total revenue of $169,465. Based on 13 IRS 990 filings on record.
What are Polish Cultural Foundation Inc's total assets?
Polish Cultural Foundation Inc holds total assets of $1,315,311 as reported in IRS 990 filings.
Where is Polish Cultural Foundation Inc located?
Polish Cultural Foundation Inc is based in Clark, New Jersey.
What is Polish Cultural Foundation Inc's EIN?
Polish Cultural Foundation Inc's Employer Identification Number (EIN) is 221988373. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Polish Cultural Foundation Inc?
Polish Cultural Foundation Inc is classified under NTEE code A20 (Arts, Culture & Humanities).
Is Polish Cultural Foundation Inc a registered 501(c)(3)?
Yes, Polish Cultural Foundation Inc is recognized as a tax-exempt organization by the IRS. EIN: 221988373.
Does Polish Cultural Foundation Inc file IRS Form 990?
Yes, Polish Cultural Foundation Inc has 13 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Polish Cultural Foundation Inc's revenue in 2023?
In the 202312 filing period, Polish Cultural Foundation Inc reported total revenue of $209,028, total expenses of $261,149, and net assets of $1,419,362.
Is Polish Cultural Foundation Inc's revenue growing or declining?
Polish Cultural Foundation Inc's revenue is declining. Revenue went from $223,527 (202212) to $209,028 (202312), a -6.5% change. Based on 13 filings on record.
What is Polish Cultural Foundation Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Polish Cultural Foundation Inc covers tax period 202312. It shows revenue of $209,028, expenses of $261,149, total assets of $1,419,362, and liabilities of $86,395.
How much does Polish Cultural Foundation Inc spend on programs vs administration?
Based on IRS 990 analysis, Polish Cultural Foundation Inc allocates approximately 70% of expenses to program services, 15% to administrative costs, and 15% to fundraising. Program spending is moderate relative to overhead.
Is Polish Cultural Foundation Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Polish Cultural Foundation Inc shows mixed signals. Mission Score: 65/100 (Good). 3 red flags identified. 2 strengths noted.
What are the red flags for Polish Cultural Foundation Inc?
The following concerns were identified: Total revenue has shown a significant downward trend, decreasing from $584,421 in 2017 to $169,465 in 2023, representing a 71% decline.. Total assets have also steadily declined from $1,916,700 in 2017 to $1,315,311 in 2023, indicating a shrinking financial base.. Expenses have frequently exceeded revenue in recent years (e.g., 2023: $261,149 expenses vs. $209,028 revenue; 2022: $327,848 expenses vs. $223,527 revenue), suggesting potential operational deficits.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Polish Cultural Foundation Inc's strengths?
Positive indicators for Polish Cultural Foundation Inc include: The organization has maintained a substantial asset base, with over $1.3 million in assets as of 2023, providing some financial cushion despite declining trends.. Consistent annual financial filings are available, demonstrating a commitment to regulatory compliance and transparency in reporting overall financial figures.. These findings are derived from AI analysis of the organization's financial filings.
How does Polish Cultural Foundation Inc compensate executives?
Executive compensation cannot be assessed from the provided data, as no specific compensation figures for executives are included. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the consistent decline in both revenue and assets over the past several years, what specific strategies is the Polish Cultural Foundation Inc. implementing to reverse these trends and ensure long-term financial viability?
The provided data indicates a concerning pattern of financial contraction. Without access to strategic plans or detailed operational reports, it's unclear what specific measures are being taken to address the 71% revenue drop since 2017 and the continuous asset depletion. This trend suggests a need for a re-evaluation of fundraising efforts, program effectiveness, or operational efficiency.
Filing History
IRS 990 filing history for Polish Cultural Foundation Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Polish Cultural Foundation Inc's revenue has declined by 69.6%, moving from $688K to $209K. Total assets decreased by 22.8% over the same period, from $1.8M to $1.4M. Total functional expenses fell by 66.3%, from $774K to $261K. In its most recent filing year (2023), Polish Cultural Foundation Inc reported a deficit of $52K, with expenses exceeding revenue. The organization holds $86K in liabilities against $1.4M in assets (debt-to-asset ratio: 6.1%), resulting in net assets of $1.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $209K | $261K | $1.4M | $86K | — | — |
| 2022 | $224K | $328K | $1.5M | $139K | — | — |
| 2021 | $382K | $332K | $1.6M | $141K | — | — |
| 2020 | $242K | $374K | $1.6M | $139K | — | — |
| 2019 | $557K | $584K | $1.7M | $145K | — | — |
| 2018 | $482K | $634K | $1.8M | $171K | — | View 990 |
| 2017 | $584K | $600K | $1.9M | $186K | — | View 990 |
| 2016 | $473K | $562K | $1.9M | $204K | — | View 990 |
| 2015 | $692K | $555K | $2.0M | $189K | — | — |
| 2014 | $578K | $623K | $1.9M | $202K | — | View 990 |
| 2013 | $845K | $699K | $2.0M | $215K | — | View 990 |
| 2012 | $600K | $628K | $1.9M | $226K | — | View 990 |
| 2011 | $688K | $774K | $1.8M | $244K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $209K, expenses of $261K, and assets of $1.4M (revenue -6.5% year-over-year).
- 2022: Revenue of $224K, expenses of $328K, and assets of $1.5M (revenue -41.5% year-over-year).
- 2021: Revenue of $382K, expenses of $332K, and assets of $1.6M (revenue +58.1% year-over-year).
- 2020: Revenue of $242K, expenses of $374K, and assets of $1.6M (revenue -56.6% year-over-year).
- 2019: Revenue of $557K, expenses of $584K, and assets of $1.7M (revenue +15.5% year-over-year).
- 2018: Revenue of $482K, expenses of $634K, and assets of $1.8M (revenue -17.5% year-over-year).
- 2017: Revenue of $584K, expenses of $600K, and assets of $1.9M (revenue +23.5% year-over-year).
- 2016: Revenue of $473K, expenses of $562K, and assets of $1.9M (revenue -31.6% year-over-year).
- 2015: Revenue of $692K, expenses of $555K, and assets of $2.0M (revenue +19.6% year-over-year).
- 2014: Revenue of $578K, expenses of $623K, and assets of $1.9M (revenue -31.5% year-over-year).
- 2013: Revenue of $845K, expenses of $699K, and assets of $2.0M (revenue +40.8% year-over-year).
- 2012: Revenue of $600K, expenses of $628K, and assets of $1.9M (revenue -12.8% year-over-year).
- 2011: Revenue of $688K, expenses of $774K, and assets of $1.8M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Polish Cultural Foundation Inc:
Data Sources and Methodology
This transparency report for Polish Cultural 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.