Everystory

Analysis

Everystory is a registered charity in United States, based in Memphis, TN. It received its IRS tax-exemption ruling in September 2011, 15 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 2024, Everystory reported income of $438k and spending of $639k, spending 146% of what it took in. Across the 6 years on record, from December 2019 to June 2024, income fell from $492k to $438k (-11%), an average of -2.3% a year. The sharpest change came in the year to December 2020, when income rose by 402%. Over the whole period it spent 66% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Everystory sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 69th percentile within TN. Charities of a similar size with the same main cause include Dunwoody Preservation TR Inc ($438k), Ahepa 110-Iii Inc ($439k) and Black Alphabet NFP ($438k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 65% and program service revenue 20% of the total. Compensation of current officers, directors and key employees was $85k (13% of expenses). Other salaries and wages came to $242k. At year end it held assets of $1.8m against liabilities of $14k, net assets of $1.8m. It reported 7 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.