Storehouse Inc

Analysis

Storehouse Inc is a registered charity in United States, based in Beckley, WV. It received its IRS tax-exemption ruling in October 2019, 7 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, Storehouse Inc reported income of $273k and spending of $240k, spending 88% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $196k to $273k (+40%), an average of +12% a year. The sharpest change came in the year to December 2023, when income rose by 30%. Over the whole period it spent 83% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Storehouse Inc sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 58th percentile within WV. Charities of a similar size with the same main cause include South Highland Adult Day Care Ctr ($273k), Chinese American Senior Services Association Inc ($273k) and Baltimore Connect ($273k).

Compensation of current officers, directors and key employees was $31k (13% of expenses). At year end it held assets of $23k against liabilities of $0, net assets of $23k. It reported 11 employees.