James Storehouse Incorporated

Analysis

James Storehouse Incorporated is a registered charity in United States, based in Newbury Park, CA. It received its IRS tax-exemption ruling in November 2012, 14 years ago. 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, James Storehouse Incorporated reported income of $1.1m and spending of $938k, spending 89% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $281k to $1.1m (+275%), an average of +39% a year. The sharpest change came in the year to December 2021, when income rose by 59%. Over the whole period it spent 86% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, James Storehouse Incorporated sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 81st percentile within CA. Charities of a similar size with the same main cause include Henderson County Health Care Corporation-Two ($1.1m), Arc of Harrisonburg and Rockingham Inc ($1.1m) and Christian Leadership Alliance ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 88% and program service revenue 0.9% of the total. Compensation of current officers, directors and key employees was $87k (9.3% of expenses). Other salaries and wages came to $247k. At year end it held assets of $614k against liabilities of $5,200, net assets of $609k. It reported 17 employees.