Storyville Center for the Spoken Word Inc

Analysis

Storyville Center for the Spoken Word Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in July 1997, 29 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, Storyville Center for the Spoken Word Inc reported income of $12.7m and spending of $13.0m, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $9.6m to $12.7m (+31%), an average of +7.1% a year. The sharpest change came in the year to December 2021, when income rose by 73%. Over the whole period it spent 99% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Storyville Center for the Spoken Word Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 94th percentile within NY. Charities of a similar size with the same main cause include Anchorage Museum Association ($12.7m), Ballet Arizona ($12.7m) and Worcester Center for Performing Arts Inc ($12.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 30% and program service revenue 68% of the total. Compensation of current officers, directors and key employees was $893k (6.9% of expenses). Other salaries and wages came to $4.0m. At year end it held assets of $12.0m against liabilities of $3.9m, net assets of $8.2m. It reported 58 employees.