Poetice

Analysis

Poetice is a registered charity in United States, based in Holland, MI. It received its IRS tax-exemption ruling in May 2011, 15 years ago. Its declared purposes cover diseases, disorders and medical disciplines, which this site groups under health and saving lives. 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, Poetice reported income of $1.7m and spending of $1.8m, spending 106% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.0m to $1.7m (+60%), an average of +12% a year. The sharpest change came in the year to December 2022, when income rose by 27%. Over the whole period it spent 94% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Poetice sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 84th percentile within MI. Charities of a similar size with the same main cause include The Center for Individuals with Physical Challenges Ltd ($1.7m), Coalinga Valley Health Clinics Inc ($1.7m) and Candor Health Education ($1.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $55k (3.1% of expenses). Other salaries and wages came to $143k. At year end it held assets of $532k against liabilities of $19k, net assets of $513k. It reported 14 employees.