Da Poetry Lounge Co

Analysis

Da Poetry Lounge Co is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in November 2022, 4 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, Da Poetry Lounge Co reported income of $91k and spending of $79k, spending 87% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $51k to $91k (+78%), an average of +78% a year. The sharpest change came in the year to December 2023, when income rose by 78%. Over the whole period it spent 91% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Da Poetry Lounge Co sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 37th percentile within CA. Charities of a similar size with the same main cause include San Diego North Coast Singers ($91k), Utah Federation of Music Clubs ($91k) and Aaf Roanoke Inc ($91k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 26% and program service revenue 74% of the total. At year end it held assets of $7,090 against liabilities of $0, net assets of $7,090.