Poe Baltimore Inc

Analysis

Poe Baltimore Inc is a registered charity in United States, based in Baltimore, MD. It received its IRS tax-exemption ruling in July 2013, 13 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, Poe Baltimore Inc reported income of $538k and spending of $525k, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $172k to $538k (+213%), an average of +33% a year. The sharpest change came in the year to December 2023, when income rose by 94%. Over the whole period it spent 90% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Poe Baltimore Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 70th percentile within MD. Charities of a similar size with the same main cause include Humboldt Chamber of Commerce ($538k), Space 4 Art Inc ($538k) and Proarts Inc ($537k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 14% and program service revenue 86% of the total. At year end it held assets of $451k against liabilities of $234k, net assets of $218k. It reported 1 employees.