Masspoetry Inc

Analysis

Masspoetry Inc is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in November 2009, 17 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 December 2023, Masspoetry Inc reported income of $390k and spending of $391k, spending 100% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $322k to $390k (+21%), an average of +6.7% a year. The sharpest change came in the year to December 2023, when income rose by 25%. Over the whole period it spent 94% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Masspoetry Inc 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 66th percentile, and in the 67th percentile within MA. Charities of a similar size with the same main cause include Humboldt Arts Council ($390k), Friends of the Wright Opera House Inc ($391k) and Spanish Academy ($390k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 105% and program service revenue 0.9% of the total. Compensation of current officers, directors and key employees was $79k (20% of expenses). Other salaries and wages came to $53k. At year end it held assets of $54k against liabilities of $3,402, net assets of $50k. It reported 3 employees.