Poiema

Analysis

Poiema is a registered charity in United States, based in Waldorf, MD. It received its IRS tax-exemption ruling in January 2022, 4 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 2023, Poiema reported income of $324k and spending of $280k, spending 87% of its income. Across the 2 years on record, from June 2022 to June 2023, income fell from $610k to $324k (-47%), an average of -47% a year. The sharpest change came in the year to June 2023, when income dropped by 47%. Over the whole period it spent 71% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Poiema sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 63rd percentile within MD. Charities of a similar size with the same main cause include International Bible Association ($324k), Lanteri Center for Ignatian Spirituality ($324k) and Jewish Community Legacy Project Inc ($324k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 94% and program service revenue 6.0% of the total. Compensation of current officers, directors and key employees was $57k (20% of expenses). Other salaries and wages came to $130k. At year end it held assets of $306k against liabilities of $10k, net assets of $295k. It reported 5 employees.