Stories Matter Foundation

Analysis

Stories Matter Foundation is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in August 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, Stories Matter Foundation reported income of $864k and spending of $795k, spending 92% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $431k to $864k (+100%), an average of +19% a year. The sharpest change came in the year to December 2022, when income rose by 29%. Over the whole period it spent 85% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Stories Matter Foundation sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 77th percentile within IL. Charities of a similar size with the same main cause include Makah Cultural and Reseach Center ($864k), Berkshire Pulse Inc ($864k) and The Myrna Loy ($864k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 8.7% and program service revenue 91% of the total. Other salaries and wages came to $616k. At year end it held assets of $533k against liabilities of $35k, net assets of $498k. It reported 6 employees.