Academy of American Poets meets the 20 Standards for Charity Accountability.
AAP reports that it connects millions of readers to poets' work with its many programs and publications each year. In addition to Poets.org, these include Poem-a-Day, National Poetry Month (April), American Poets biannual literary journal, the American Poets Prizes, Poetry & the Creative Mind, and a fall conversation series. AAP also provides free resources, such as lesson plans, Teach This Poem, and the Dear Poet project for K-12 teachers and students. In addition, the organization coordinates the Poetry Coalition, an alliance of more than 20 poetry organizations across the United States.
For the year ended June 30, 2017, Academy of American Poets's program expenses were:
Programs |
$1,337,291 |
Total Program Expenses: |
$1,337,291 |
*2016 compensation includes annual salary and, if applicable, benefit plans, expense accounts, and other allowances.
Method(s) Used:
Grant proposals, Internet, Invitations to fund raising events, Membership appeals
Fundraising costs were 18$ of related contributions. (Related contributions, which totaled $1,598,665, are donations received as a result of fundraising activities.)
This organization is tax-exempt under section 501(c) (3) of the Internal Revenue Code.It is eligible to receive contributions deductible as charitable donations for federal income tax purposes.
The following information is based on Academy of American Poets's audited financial statements for the year ended June 30, 2017.
Source of Funds |
Investments |
$1,230,842 |
Grants |
$576,991 |
Membership |
$419,333 |
Contributions |
$403,196 |
Benefit event income, net |
$146,745 |
Other |
$128,538 |
Ticket sales |
$52,400 |
Total Income |
$2,958,045 |
- Programs: 73%
- Fundraising: 15%
- Administrative: 12%
Total Income |
$2,958,045 |
Program expenses |
$1,337,291 |
Fundraising expenses |
$280,404 |
Administrative expenses |
$226,417 |
Other expenses |
$0 |
Total expenses: |
$1,844,112 |
Income in Excess of Expenses |
$1,113,933 |
Beginning Net Assets |
$8,677,833 |
Other Changes In Net Assets |
$0 |
Ending Net Assets |
$9,791,766 |
Total Liabilities |
$176,456 |
Total Assets |
$9,968,222 |
Note: According to the organization's audited financial statements for the fiscal year ended June 30, 2017, AAP received in-kind contributiosn of $19,573 including advertising ($13,173) and paper ($6,400).