The Poetic Foundation Inc

Analysis

The Poetic Foundation Inc is a registered charity in United States, based in Redwood City, CA. It received its IRS tax-exemption ruling in February 2012, 14 years ago. Its declared purposes cover medical research, 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, The Poetic Foundation Inc reported income of $202k and spending of $148k, leaving 27% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $63k to $202k (+219%), an average of +219% a year. The sharpest change came in the year to December 2023, when income rose by 219%. Over the whole period it spent 86% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, The Poetic Foundation Inc sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 56th percentile within CA. Charities of a similar size with the same main cause include Rise in Spirit ($202k), The Childrens Dispensary & Hospital Association of South Bend Indiana ($202k) and Summit Quest Adventures Inc ($202k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $121k against liabilities of $0, net assets of $121k.