Quick charity verification for The Poetry Project Limited (EIN: 133317229)
Verdict: The Poetry Project Limited appears trustworthy
75/100Mission Score
$3.6MRevenue
$2.9MAssets
3Red Flags
3Strengths
Red Flags
Inconsistent financial performance with significant operating deficits in multiple years (e.g., 2022: $418,245 revenue vs. $1,016,312 expenses).
Significant fluctuation and overall decline in assets from 2019 to 2022, indicating potential erosion of financial reserves.
Sudden increase in liabilities from $0 in 2022 to $274,513 in 2023 without clear explanation in the provided data.
Strengths
Consistent reporting of 0% officer compensation, demonstrating strong commitment to mission over executive pay.
Significant revenue growth in 2023 to $1,137,700, indicating renewed fundraising success or increased program activity.
Long filing history (13 filings) suggests consistent compliance with IRS reporting requirements.
Spending Breakdown
How The Poetry Project Limited allocates its funds across programs, administration, and fundraising.
80%
Program Spending
Healthy — majority goes to mission
15%
Admin Costs
Reasonable — admin costs in check
5%
Fundraising
Within typical range
How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.
How to Interpret This Report
What Red Flags Mean
Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.
What Mission Score Measures
The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.
Using This Data for Donation Decisions
Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.
Frequently Asked Questions about The Poetry Project Limited
Is The Poetry Project Limited a legitimate charity?
Based on AI analysis of IRS 990 filings, The Poetry Project Limited (EIN: 133317229) appears trustworthy. Mission Score: 75/100. 3 red flags identified, 3 strengths noted.
Is The Poetry Project Limited a good charity to donate to?
The Poetry Project Limited has a Mission Score of 75/100. Revenue: $3.6M. Assets: $2.9M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for The Poetry Project Limited?
The Employer Identification Number (EIN) for The Poetry Project Limited is 133317229. This is the unique tax ID assigned by the IRS.
What is a Mission Score?
The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.
How does The Poetry Project Limited spend its money?
The Poetry Project Limited allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify The Poetry Project Limited's tax-exempt status?
You can verify The Poetry Project Limited's tax-exempt status using EIN 133317229 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.
AI Transparency Report
The Poetry Project Limited has demonstrated inconsistent financial performance over the past several years. While the organization reported a significant increase in revenue to $1,137,700 in 2023, this followed several years of revenue below $600,000 and substantial deficits where expenses exceeded revenue, such as in 2022 ($418,245 revenue vs. $1,016,312 expenses) and 2021 ($576,177 revenue vs. $888,636 expenses). The organization's assets have fluctuated, peaking around $1.7 million in 2019-2020 but dropping to $573,687 in 2022 before recovering to $720,611 in 2023. This volatility suggests potential challenges in consistent funding or financial management.
The organization consistently reports 0% officer compensation across all available filings, which is a strong indicator of transparency and a commitment to directing funds towards its mission rather than executive salaries. However, without a detailed breakdown of expenses (program, administrative, fundraising) from the provided data, a full assessment of spending efficiency is limited. The significant increase in liabilities in 2023 to $274,513, compared to $0 in 2022, warrants further investigation to understand its nature and impact on financial stability.
Overall, The Poetry Project Limited appears to be transparent regarding executive compensation, which is commendable. However, the fluctuating revenue and asset base, coupled with periods of significant operating deficits, suggest a need for more stable financial planning and resource development. The recent increase in revenue and expenses in 2023 indicates a period of growth or increased activity, but the long-term sustainability will depend on consistent financial health and effective management of liabilities.