Poetic

Analysis

Poetic is a registered charity in United States, based in Dallas, TX. It received its IRS tax-exemption ruling in November 2017, 9 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Poetic reported income of $926k and spending of $1.2m, spending 126% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $490k to $926k (+89%), an average of +17% a year. The sharpest change came in the year to December 2020, when income rose by 103%. Over the whole period it spent 90% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Poetic sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 82nd percentile within TX. Charities of a similar size with the same main cause include James Penny House ($926k), Cape Coral Caring Center Inc ($926k) and Dunklin County Transit Services Inc ($926k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $240k (21% of expenses). Other salaries and wages came to $621k. It paid $22k in professional fundraising fees. At year end it held assets of $657k against liabilities of $23k, net assets of $635k. It reported 28 employees.