Giorno Poetry Systems Institute Inc

Analysis

Giorno Poetry Systems Institute Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in September 1974, 52 years ago. 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, Giorno Poetry Systems Institute Inc reported income of $870k and spending of $648k, leaving 26% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $16k to $870k (+5356%), an average of +172% a year. The sharpest change came in the year to June 2021, when income rose by 6440%. Over the whole period it spent 71% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Giorno Poetry Systems Institute Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 74th percentile within NY. Charities of a similar size with the same main cause include Endeavor House Ministries ($870k), East Alabama E M S Inc ($870k) and Philadelphia City Institute ($870k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 13% and program service revenue 71% of the total. Other salaries and wages came to $258k. At year end it held assets of $1.5m against liabilities of $35k, net assets of $1.5m. It reported 3 employees.