Storm the Heavens Fund

Analysis

Storm the Heavens Fund is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in September 2017, 9 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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, Storm the Heavens Fund reported income of $230k and spending of $141k, leaving 38% of income unspent that year. Across the 4 years on record, from December 2019 to December 2023, income fell from $275k to $230k (-16%), an average of -5.8% a year. The sharpest change came in the year to December 2020, when income dropped by 22%. Over the whole period it spent 58% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Storm the Heavens Fund sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 54th percentile within PA. Charities of a similar size with the same main cause include Afar a Future After Rehab ($230k), Succor Transitional Program ($230k) and East Dakota Educational Foundation ($230k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 38% of the total. Compensation of current officers, directors and key employees was $15k (11% of expenses). At year end it held assets of $320k against liabilities of $8,000, net assets of $312k. It reported 1 employees.