Afrikan Poetry Theather Inc

Analysis

Afrikan Poetry Theather Inc is a registered charity in United States, based in Jamaica, NY. It received its IRS tax-exemption ruling in January 1980, 46 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 June 2024, Afrikan Poetry Theather Inc reported income of $174k and spending of $104k, leaving 40% of income unspent that year. Across the 3 years on record, from August 2021 to June 2024, income grew from $103k to $174k (+68%), an average of +30% a year. The sharpest change came in the year to August 2023, when income rose by 42%. Over the whole period it spent 98% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Afrikan Poetry Theather Inc sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 48th percentile within NY. Charities of a similar size with the same main cause include Eagles Wings Studio Inc ($174k), Monon Civic Preservation Society ($174k) and Cultural Alliance of Western Connecticut Inc ($174k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $26k (25% of expenses). At year end it held assets of $2.9m against liabilities of $0, net assets of $2.9m.