Storehouse of Community Resources

Analysis

Storehouse of Community Resources is a registered charity in United States, based in Grand Rapids, MI. It received its IRS tax-exemption ruling in November 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, Storehouse of Community Resources reported income of $13.0m and spending of $13.0m, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $4.9m to $13.0m (+166%), an average of +28% a year. The sharpest change came in the year to December 2023, when income rose by 250%. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Storehouse of Community Resources sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within MI. Charities of a similar size with the same main cause include Community Living Case Managementinc ($13.0m), White Pony Express ($13.0m) and West Suburban Y M C a ($12.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% and program service revenue 1.8% of the total. Compensation of current officers, directors and key employees was $180k (1.4% of expenses). Other salaries and wages came to $97k. At year end it held assets of $6.9m against liabilities of $172k, net assets of $6.7m. It reported 8 employees.