Poets & Writers Inc

Analysis

Poets & Writers Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in July 1971, 55 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Poets & Writers Inc reported income of $4.5m and spending of $4.5m, spending 101% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $4.1m to $4.5m (+10%), an average of +2.5% a year. The sharpest change came in the year to June 2020, when income rose by 33%. Over the whole period it spent 96% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Poets & Writers Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 89th percentile within NY. Charities of a similar size with the same main cause include American Council of Trustees and Alumni ($4.5m), Center for Holocaust and Humanityeducation ($4.5m) and Strategic Air Command & Aerospace Museum ($4.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 42% and program service revenue 46% of the total. Compensation of current officers, directors and key employees was $375k (8.3% of expenses). Other salaries and wages came to $1.4m. At year end it held assets of $10.9m against liabilities of $3.1m, net assets of $7.8m. It reported 21 employees.