Political Report Inc

Analysis

Political Report Inc is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in July 2022, 4 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, Political Report Inc reported income of $421k and spending of $650k, spending 154% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $427k to $421k (-1.4%), an average of -0.7% a year. The sharpest change came in the year to December 2022, when income rose by 303%. Over the whole period it spent 43% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Political Report Inc sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 40th percentile within DC. Charities of a similar size with the same main cause include Bible Way Church of GTN ($421k), Blakelys Tender Care ($421k) and Community Commitment Inc ($420k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% of the total. Compensation of current officers, directors and key employees was $104k (16% of expenses). Other salaries and wages came to $353k. At year end it held assets of $1.5m against liabilities of $16k, net assets of $1.5m. It reported 6 employees.