Polus Center For Social And Economic Development
EIN: 42697866 · Athol, MA
| Metric | Value |
|---|---|
| Total Revenue | $2.5M |
| Total Expenses | $2.4M |
| Net Assets | $311K |
Is Polus Center For Social And Economic Development Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Polus Center For Social And Economic Development
Polus Center For Social And Economic Development (EIN: 42697866) is a nonprofit organization based in Athol, MA. The organization reported total revenue of $2.5M and total assets of $424K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Polus Center For Social And Economic Development's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Polus Center For Social And Economic Development is a mid-size nonprofit that has been operating for 46 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -2.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.5M |
| Total Expenses | $2.4M |
| Surplus / Deficit | +$87K |
| Total Assets | $512K |
| Total Liabilities | $201K |
| Net Assets | $311K |
| Operating Margin | 3.4% |
| Debt-to-Asset Ratio | 39.3% |
| Months of Reserves | 2.5 months |
Financial Health Grade: A
In 2023, Polus Center For Social And Economic Development reported a surplus of $87K with revenue exceeding expenses, holds 2.5 months of operating reserves (limited), has a debt-to-asset ratio of 39.3% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Polus Center For Social And Economic Development's revenue has declined at a compound annual growth rate (CAGR) of -2.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +15.6% | +15.4% | -13.8% |
| 2022 | +43.9% | +42.8% | -0.1% |
| 2021 | -5.5% | -7.8% | +7.8% |
| 2020 | -3.9% | -1.5% | -17.8% |
| 2019 | -8.5% | -10.6% | +11.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1980 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Polus Center For Social And Economic Development 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 Polus Center For Social And Economic Development 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 surplus of $87K, with revenue exceeding expenses.
- Debt-to-asset ratio: 39.3%.
Frequently Asked Questions about Polus Center For Social And Economic Development
Is Polus Center For Social And Economic Development a legitimate charity?
Based on AI analysis of IRS 990 filings, Polus Center For Social And Economic Development (EIN: 42697866) insufficient data. 0 red flags identified, 0 strengths noted.
How does Polus Center For Social And Economic Development spend its money?
Detailed spending breakdown data is not yet available for Polus Center For Social And Economic Development. Check back for updated IRS 990 analysis.
Are donations to Polus Center For Social And Economic Development tax-deductible?
Polus Center For Social And Economic Development is registered as a tax-exempt nonprofit (EIN: 42697866). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Polus Center For Social And Economic Development located?
Polus Center For Social And Economic Development is headquartered in Athol, Massachusetts and files with the IRS under EIN 42697866.
How many years of IRS 990 filings does Polus Center For Social And Economic Development have?
Polus Center For Social And Economic Development 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 $2.5M in total revenue.
Filing History
IRS 990 filing history for Polus Center For Social And Economic Development showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Polus Center For Social And Economic Development's revenue has declined by 28%, moving from $3.5M to $2.5M. Total assets decreased by 56.1% over the same period, from $1.2M to $512K. Total functional expenses fell by 28.9%, from $3.4M to $2.4M. In its most recent filing year (2023), Polus Center For Social And Economic Development reported a surplus of $87K, with revenue exceeding expenses. The organization holds $201K in liabilities against $512K in assets (debt-to-asset ratio: 39.3%), resulting in net assets of $311K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.5M | $2.4M | $512K | $201K | — | — |
| 2022 | $2.2M | $2.1M | $593K | $371K | — | View 990 |
| 2021 | $1.5M | $1.5M | $594K | $443K | — | View 990 |
| 2020 | $1.6M | $1.6M | $551K | $440K | — | View 990 |
| 2019 | $1.7M | $1.6M | $670K | $560K | — | View 990 |
| 2018 | $1.8M | $1.8M | $602K | $518K | — | View 990 |
| 2017 | $1.3M | $1.3M | $750K | $669K | — | View 990 |
| 2016 | $1.4M | $1.4M | $545K | $481K | — | View 990 |
| 2015 | $3.0M | $2.9M | $655K | $585K | — | View 990 |
| 2014 | $3.2M | $3.1M | $670K | $676K | — | View 990 |
| 2013 | $3.9M | $4.3M | $1.1M | $1.1M | — | View 990 |
| 2012 | $4.9M | $4.9M | $1.4M | $1.0M | — | View 990 |
| 2011 | $3.5M | $3.4M | $1.2M | $765K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.5M, expenses of $2.4M, and assets of $512K (revenue +15.6% year-over-year).
- 2022: Revenue of $2.2M, expenses of $2.1M, and assets of $593K (revenue +43.9% year-over-year).
- 2021: Revenue of $1.5M, expenses of $1.5M, and assets of $594K (revenue -5.5% year-over-year).
- 2020: Revenue of $1.6M, expenses of $1.6M, and assets of $551K (revenue -3.9% year-over-year).
- 2019: Revenue of $1.7M, expenses of $1.6M, and assets of $670K (revenue -8.5% year-over-year).
- 2018: Revenue of $1.8M, expenses of $1.8M, and assets of $602K (revenue +37.2% year-over-year).
- 2017: Revenue of $1.3M, expenses of $1.3M, and assets of $750K (revenue -2.9% year-over-year).
- 2016: Revenue of $1.4M, expenses of $1.4M, and assets of $545K (revenue -53.8% year-over-year).
- 2015: Revenue of $3.0M, expenses of $2.9M, and assets of $655K (revenue -5.7% year-over-year).
- 2014: Revenue of $3.2M, expenses of $3.1M, and assets of $670K (revenue -19.6% year-over-year).
- 2013: Revenue of $3.9M, expenses of $4.3M, and assets of $1.1M (revenue -19.2% year-over-year).
- 2012: Revenue of $4.9M, expenses of $4.9M, and assets of $1.4M (revenue +38.1% year-over-year).
- 2011: Revenue of $3.5M, expenses of $3.4M, and assets of $1.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Polus Center For Social And Economic Development:
Data Sources and Methodology
This transparency report for Polus Center For Social And Economic Development 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.