Street Poets Inc

Analysis

Street Poets Inc is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in July 2005, 21 years ago. Its declared purposes cover education, which this site groups under education and training. 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 May 2023, Street Poets Inc reported income of $3.0m and spending of $1.2m, leaving 61% of income unspent that year. Across the 5 years on record, from May 2019 to May 2023, income grew from $726k to $3.0m (+310%), an average of +42% a year. The sharpest change came in the year to May 2021, when income rose by 128%. Over the whole period it spent 46% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Street Poets Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 89th percentile within CA. Charities of a similar size with the same main cause include Northern Wisconsin State Fair Association Inc ($3.0m), Heterodox Academy ($3.0m) and Arts and Athletics Inc ($3.0m).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 93% and program service revenue 6.1% of the total. Compensation of current officers, directors and key employees was $206k (18% of expenses). Other salaries and wages came to $485k. At year end it held assets of $4.9m against liabilities of $39k, net assets of $4.9m. It reported 17 employees.