Storyark

Analysis

Storyark is a registered charity in United States, based in Stillwater, MN. It received its IRS tax-exemption ruling in November 2016, 10 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 June 2023, Storyark reported income of $250k and spending of $315k, spending 126% of what it took in. Across the 2 years on record, from June 2022 to June 2023, income grew from $177k to $250k (+41%), an average of +41% a year. The sharpest change came in the year to June 2023, when income rose by 41%. Over the whole period it spent 102% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Storyark sits at the 65th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 57th percentile within MN. Charities of a similar size with the same main cause include Puttin on Productions Corporation ($250k), Stolen Shakespeare Guild ($250k) and Aiken Performing Arts Group Inc ($250k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 47% and program service revenue 53% of the total. Compensation of current officers, directors and key employees was $55k (18% of expenses). Other salaries and wages came to $153k. At year end it held assets of $75k against liabilities of $2,184, net assets of $73k. It reported 32 employees.