The Poetry Project Limited

Analysis

The Poetry Project Limited is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in March 1986, 40 years ago. 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, The Poetry Project Limited reported income of $1.1m and spending of $1.1m, spending 101% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $535k to $1.1m (+113%), an average of +21% a year. The sharpest change came in the year to June 2023, when income rose by 172%. Over the whole period it spent 132% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Poetry Project Limited sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 77th percentile within NY. Charities of a similar size with the same main cause include Michael Gott International Evangelistic Ministries ($1.1m), Hope Alzheimers Center ($1.1m) and Boy Scouts of America ($1.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 81% and program service revenue 9.3% of the total. Compensation of current officers, directors and key employees was $103k (9.0% of expenses). Other salaries and wages came to $369k. At year end it held assets of $721k against liabilities of $275k, net assets of $446k. It reported 8 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.