Story Tapestries Inc

Analysis

Story Tapestries Inc is a registered charity in United States, based in Poolesville, MD. It received its IRS tax-exemption ruling in March 2011, 15 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Story Tapestries Inc reported income of $1.1m and spending of $1.2m, spending 112% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $375k to $1.1m (+195%), an average of +31% a year. The sharpest change came in the year to December 2021, when income rose by 74%. Over the whole period it spent 97% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Story Tapestries Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 80th percentile within MD. Charities of a similar size with the same main cause include Home Run Ministries Incorporated ($1.1m), Chesterton Academy of Notre Dame ($1.1m) and Friedman Center for Peace Through Strength Inc ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 72% and program service revenue 28% of the total. Compensation of current officers, directors and key employees was $144k (12% of expenses). Other salaries and wages came to $388k. At year end it held assets of $271k against liabilities of $137k, net assets of $134k. It reported 13 employees.