Stowe Story Labs

Analysis

Stowe Story Labs is a registered charity in United States, based in Stowe, VT. It received its IRS tax-exemption ruling in May 2015, 11 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Stowe Story Labs reported income of $1.0m and spending of $1.1m, spending 106% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $266k to $1.0m (+280%), an average of +40% a year. The sharpest change came in the year to December 2022, when income rose by 91%. Over the whole period it spent 92% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Stowe Story Labs sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 77th percentile within VT. Charities of a similar size with the same main cause include Outpost Productions Inc ($1.0m), Exploring the Arts Inc ($1.0m) and The Averitt Center for the Arts Inc ($1.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 48% and program service revenue 51% of the total. Compensation of current officers, directors and key employees was $103k (9.6% of expenses). Other salaries and wages came to $185k. At year end it held assets of $451k against liabilities of $197k, net assets of $254k. It reported 6 employees.