Storybridge Inc

Analysis

Storybridge Inc is a registered charity in United States, based in Amarillo, TX. It received its IRS tax-exemption ruling in November 2016, 10 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Storybridge Inc reported income of $582k and spending of $490k, spending 84% of its income. Across the 3 years on record, from December 2021 to December 2023, income fell from $643k to $582k (-9.6%), an average of -4.9% a year. The sharpest change came in the year to December 2023, when income dropped by 27%. Over the whole period it spent 48% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Storybridge Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 77th percentile within TX. Charities of a similar size with the same main cause include Sail Power and Steam Museum ($582k), Anastasis Academy ($582k) and Boys and Girls Clubs of Southwest Mississippi ($582k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% of the total. Other salaries and wages came to $149k. At year end it held assets of $1.2m against liabilities of $3,000, net assets of $1.2m. It reported 6 employees.