A Storehouse for Jesus

Analysis

A Storehouse for Jesus is a registered charity in United States, based in Mocksville, NC. It received its IRS tax-exemption ruling in December 1994, 32 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, A Storehouse for Jesus reported income of $532k and spending of $480k, spending 90% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $352k to $532k (+51%), an average of +11% a year. The sharpest change came in the year to December 2021, when income rose by 33%. Over the whole period it spent 86% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, A Storehouse for Jesus 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 71st percentile, and in the 71st percentile within NC. Charities of a similar size with the same main cause include Mobile Hope ($532k), Good News to the Nations Inc ($532k) and Tawheed Center of Novi Association ($531k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% of the total. At year end it held assets of $2.6m against liabilities of $23k, net assets of $2.6m.