Charity Search / POLK THEATRE INC
Arts, Culture & Humanities (A610) 990 on File

POLK THEATRE INC

EIN: 59-2274522 · LAKELAND, FL 33801-4664 · United States · FY 2024 Data
3 out of 5 59 / 100 Based on 2+ years of filings
Financial strength (30%) 96/100
Reliability (20%) 55/100
Effectiveness (25%) 85/100
Impact (25%) No data yet
Financial data: FY 2024 · Scored 9/13/2026
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Financial Overview — FY 2024
$940K
Total Revenue
$938K
Total Expenses
$1.7M
Net Assets
34
Employees
Revenue Sources
Expense Breakdown
Program Expense Ratio 75.8%
Fundraising Efficiency N/A
Operating Reserve 21.14x
Liability-to-Asset 12.8%
Revenue Diversification 58.3%
Executive Compensation $90K
Compared with Peers
FY 2024
Compared with 12,711 similar organizations (United States, Arts, Culture & Humanities, $100K–$1M in expenses), FY 2024.
This organization Middle half of peers (P25–P75) Peer median
Ratio This org Peer median Position (P10 → P90)
Program expense ratio
Program expenses / total expenses · higher is better
75.8% 82.0%
P10P90
Below median
Admin expense ratio
Management and general / total expenses · lower is better
24.2% 14.1%
P10P90
Below median
Fundraising expense ratio
Fundraising expenses / total expenses · lower is better
0.0% 0.0%
P10P90
Top quarter
Operating reserve
Months of expenses covered by net assets · higher is better
21.1 mo 9.8 mo
P10P90
Above median
Liabilities to assets
Total liabilities / total assets · lower is better
12.8% 1.8%
P10P90
Below median
Revenue concentration
Share of revenue from the largest source · lower is better
58.3% 79.8%
P10P90
Top quarter
Revenue growth
Year over year revenue growth
40.6% 8.1%
P10P90
Expense growth
Year over year expense growth
9.4% 8.8%
P10P90
Surplus margin
Surplus as a share of revenue
0.2% 1.5%
P10P90
Financial History
Year Revenue Expenses Net Assets Program % Staff
2024 $940K $938K $1.7M 75.8% 34
2023 $668K $857K $1.7M 73.3% 31
2022 $670K $815K $1.8M 76.2% 30
2021 $772K $720K N/A 22
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Organization Details
EIN
59-2274522
State
FL
City
LAKELAND
ZIP
33801-4664
Classification
A610
Category
Arts, Culture & Humanities
Rating
3★
Coverage
A
Last Updated
Aug 2026
Form 990
On File
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