Poplar Grove Foundation Inc

Analysis

Poplar Grove Foundation Inc is a registered charity in United States, based in Wilmington, NC. It received its IRS tax-exemption ruling in June 2020, 6 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Poplar Grove Foundation Inc reported income of $431k and spending of $375k, spending 87% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $432k to $431k (-0.1%), an average of +-0.0% a year. The sharpest change came in the year to December 2020, when income dropped by 44%. 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, Poplar Grove Foundation Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 67th percentile within NC. Charities of a similar size with the same main cause include Dellora a Norris Cultural Arts Center Ltd ($431k), Monterey Institute for Research in Astronomy ($431k) and Upbeat Music and Arts Center ($431k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 18% and program service revenue 28% of the total. Compensation of current officers, directors and key employees was $51k (14% of expenses). Other salaries and wages came to $101k. At year end it held assets of $146k against liabilities of $0, net assets of $146k. It reported 4 employees.