Poe Foundation Inc

Analysis

Poe Foundation Inc is a registered charity in United States, based in Richmond, VA. It received its IRS tax-exemption ruling in December 1947, 79 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 June 2024, Poe Foundation Inc reported income of $688k and spending of $646k, spending 94% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $339k to $688k (+103%), an average of +19% a year. The sharpest change came in the year to June 2021, when income rose by 30%. Over the whole period it spent 92% 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 Foundation Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 75th percentile within VA. Charities of a similar size with the same main cause include Land Peace Foundation ($688k), Ballethnic Dance Company Inc ($689k) and Parents and Community for Kids ($688k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 12% and program service revenue 66% of the total. Compensation of current officers, directors and key employees was $62k (9.6% of expenses). Other salaries and wages came to $250k. At year end it held assets of $1.2m against liabilities of $32k, net assets of $1.1m. It reported 11 employees.