Storybook Farm Inc

Analysis

Storybook Farm Inc is a registered charity in United States, based in Opelika, AL. It received its IRS tax-exemption ruling in September 2002, 24 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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, Storybook Farm Inc reported income of $831k and spending of $757k, spending 91% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $998k to $831k (-17%), an average of -4.5% a year. The sharpest change came in the year to December 2020, when income dropped by 36%. Over the whole period it spent 76% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Storybook Farm Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 80th percentile within AL. Charities of a similar size with the same main cause include Jahbat Inc ($831k), Oklahoma State Coaches Assoc ($831k) and Recing Crew ($831k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% of the total. Compensation of current officers, directors and key employees was $70k (9.2% of expenses). Other salaries and wages came to $171k. At year end it held assets of $1.2m against liabilities of $9,724, net assets of $1.1m. It reported 24 employees.