The Poetry Center Dba the Chicago Poetrey Center

Analysis

The Poetry Center Dba the Chicago Poetrey Center is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in February 1975, 51 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 2024, The Poetry Center Dba the Chicago Poetrey Center reported income of $699k and spending of $522k, leaving 25% of income unspent that year. Across the 4 years on record, from June 2021 to June 2024, income grew from $392k to $699k (+78%), an average of +21% a year. The sharpest change came in the year to June 2022, when income rose by 36%. Over the whole period it spent 74% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Poetry Center Dba the Chicago Poetrey Center sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 75th percentile within IL. Charities of a similar size with the same main cause include Association for Christian Conferences Teaching and Service I ($699k), Wisconsin Youth Symphony Orchestras Foundation Inc ($700k) and Rice County Council on Aging ($699k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 74% and program service revenue 25% of the total. Compensation of current officers, directors and key employees was $125k (24% of expenses). Other salaries and wages came to $127k. At year end it held assets of $698k against liabilities of $38k, net assets of $660k. It reported 11 employees.