Poetry Heals

Analysis

Poetry Heals is a registered charity in United States, based in Manitou SPGS, CO. It received its IRS tax-exemption ruling in January 2018, 8 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, Poetry Heals reported income of $52k and spending of $71k, spending 135% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $82k to $52k (-36%), an average of -36% a year. The sharpest change came in the year to December 2023, when income dropped by 36%. Over the whole period it spent 98% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Poetry Heals sits at the 23rd percentile: it is larger than about 23% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 17th percentile within CO. Charities of a similar size with the same main cause include Irish Society ($52k), North County Coalition for the Arts ($52k) and Shands Auxiliary Inc ($52k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $5,731 against liabilities of $0, net assets of $5,731.