Gods Storehouse

Analysis

Gods Storehouse is a registered charity in United States, based in Lawrenceburg, TN. It received its IRS tax-exemption ruling in May 2005, 21 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Gods Storehouse reported income of $279k and spending of $345k, spending 123% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $342k to $279k (-18%), an average of -4.9% a year. The sharpest change came in the year to December 2023, when income dropped by 20%. Over the whole period it spent 104% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Gods Storehouse 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 60th percentile, and in the 61st percentile within TN. Charities of a similar size with the same main cause include Helping Hands Foundation of Surry County Inc ($279k), Hartford Food System Inc ($279k) and Urban Vibrancy Institute Inc ($279k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $148k. At year end it held assets of $167k against liabilities of $0, net assets of $167k. It reported 26 employees.