Storybook Island Inc

Analysis

Storybook Island Inc is a registered charity in United States, based in Rapid City, SD. It received its IRS tax-exemption ruling in October 1963, 63 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, Storybook Island Inc reported income of $688k and spending of $775k, spending 113% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $548k to $688k (+25%), an average of +5.8% a year. The sharpest change came in the year to December 2021, when income rose by 126%. Over the whole period it spent 78% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Storybook Island Inc sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 74th percentile within SD. Charities of a similar size with the same main cause include International Society for Arts Sciences and Technology Inc ($688k), Arc of Dickinson Inc ($688k) and Dispute Resolution Center ($688k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 44% and program service revenue 24% of the total. Compensation of current officers, directors and key employees was $67k (8.6% of expenses). Other salaries and wages came to $331k. At year end it held assets of $2.4m against liabilities of $71k, net assets of $2.3m. It reported 48 employees.