Poverty and Social Reform Institute

Analysis

Poverty and Social Reform Institute is a registered charity in United States, based in Warren, MI. It received its IRS tax-exemption ruling in May 1989, 37 years ago. Its declared purposes cover social science, 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 September 2023, Poverty and Social Reform Institute reported income of $2.2m and spending of $2.2m, spending 98% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $999k to $2.2m (+123%), an average of +22% a year. The sharpest change came in the year to September 2022, when income rose by 118%. Over the whole period it spent 97% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Poverty and Social Reform Institute sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 87th percentile within MI. Charities of a similar size with the same main cause include Paul Revere Memorial Assoc Corp ($2.2m), Laumeier Sculpture Park ($2.2m) and California Symphony Orchestra Inc ($2.2m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 98% and program service revenue 1.0% of the total. Compensation of current officers, directors and key employees was $101k (4.6% of expenses). Other salaries and wages came to $902k. At year end it held assets of $1.4m against liabilities of $148k, net assets of $1.2m. It reported 22 employees.