Story Preservation Initiative

Analysis

Story Preservation Initiative is a registered charity in United States, based in Andover, NH. It received its IRS tax-exemption ruling in January 2013, 13 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 (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, Story Preservation Initiative reported income of $56k and spending of $57k, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $67k to $56k (-17%), an average of -4.6% a year. The sharpest change came in the year to December 2023, when income rose by 46%. Over the whole period it spent 91% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Story Preservation Initiative sits at the 25th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 23rd percentile within NH. Charities of a similar size with the same main cause include Friendly Sons of St Patrick of New Bedford Inc ($56k), Nappanee Arts Council Inc ($56k) and Civil and Environmental Engineering Visiting Council Inc ($56k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $27k (47% of expenses). At year end it held assets of $18k against liabilities of $8,493, net assets of $9,491. It reported 1 employees.