Story Theater Company

Analysis

Story Theater Company is a registered charity in United States, based in Ames, IA. It received its IRS tax-exemption ruling in February 2007, 19 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 Theater Company reported income of $203k and spending of $189k, spending 93% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $153k to $203k (+32%), an average of +32% a year. The sharpest change came in the year to December 2023, when income rose by 32%. Over the whole period it spent 105% 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 Theater Company sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 55th percentile within IA. Charities of a similar size with the same main cause include Childrens Literature Association ($203k), Northwest Danish Association ($203k) and Seacoast Community Chamber Orchestra ($203k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 36% and program service revenue 59% of the total. Other salaries and wages came to $46k. At year end it held assets of $102k against liabilities of $26k, net assets of $76k.