Poor Magazine Inc

Analysis

Poor Magazine Inc is a registered charity in United States, based in Oakland, CA. It received its IRS tax-exemption ruling in March 2000, 26 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, Poor Magazine Inc reported income of $293k and spending of $421k, spending 144% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income fell from $558k to $293k (-47%), an average of -19% a year. The sharpest change came in the year to December 2023, when income dropped by 50%. Over the whole period it spent 83% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Poor Magazine Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 63rd percentile within CA. Charities of a similar size with the same main cause include Coeur Dalene Symphony Orchestra Inc ($293k), The Sandra Bornstein Holocaust Education Center ($293k) and Advocates for Indigenous California Language Survival ($293k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $2.1m against liabilities of $0, net assets of $2.1m.