Storytelling Arts Inc

Analysis

Storytelling Arts Inc is a registered charity in United States, based in Stockton, NJ. It received its IRS tax-exemption ruling in June 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 June 2023, Storytelling Arts Inc reported income of $168k and spending of $227k, spending 135% of what it took in. Across the 2 years on record, from June 2022 to June 2023, income grew from $139k to $168k (+20%), an average of +20% a year. The sharpest change came in the year to June 2023, when income rose by 20%. Over the whole period it spent 135% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Storytelling Arts Inc sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 57th percentile within NJ. Charities of a similar size with the same main cause include Wild West Historical Foundation Inc ($168k), Arts for Oakland Kids ($168k) and Mesa Encore Theatre Inc ($168k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 79% and program service revenue 21% of the total. Other salaries and wages came to $146k. At year end it held assets of $44k against liabilities of $6,053, net assets of $38k. It reported 4 employees.