The Store Inc

Analysis

The Store Inc is a registered charity in United States, based in Nashville, TN. It received its IRS tax-exemption ruling in January 2017, 9 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, The Store Inc reported income of $1.2m and spending of $1.2m, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.4m to $1.2m (-48%), an average of -15% a year. The sharpest change came in the year to December 2021, when income dropped by 20%. Over the whole period it spent 44% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, The Store Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 83rd percentile within TN. Charities of a similar size with the same main cause include Metabolic Terrain Institute of Health ($1.2m), Foundation for the Ban Ki-Moon Centre ($1.2m) and Community AIDS Network ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 91% of the total. Compensation of current officers, directors and key employees was $109k (9.0% of expenses). Other salaries and wages came to $202k. At year end it held assets of $5.6m against liabilities of $38k, net assets of $5.6m. It reported 8 employees.