The Christian Storehouse Inc

Analysis

The Christian Storehouse Inc is a registered charity in United States, based in Millsboro, DE. It received its IRS tax-exemption ruling in March 2023, 3 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, The Christian Storehouse Inc reported income of $603k and spending of $487k, spending 81% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $286k to $603k (+110%), an average of +20% a year. The sharpest change came in the year to December 2023, when income rose by 25%. Over the whole period it spent 88% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, The Christian Storehouse Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 68th percentile within DE. Charities of a similar size with the same main cause include One Body One Hope ($603k), Samaritan Counseling & Growth Center Inc ($603k) and Families Connect Inc ($602k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 19% and program service revenue 80% of the total. Compensation of current officers, directors and key employees was $92k (19% of expenses). Other salaries and wages came to $121k. At year end it held assets of $560k against liabilities of $6,926, net assets of $553k. It reported 16 employees.