The Word a Storytelling Sanctuary Inc

Analysis

The Word a Storytelling Sanctuary Inc is a registered charity in United States, based in Thornton, CO. It received its IRS tax-exemption ruling in July 2019, 7 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, The Word a Storytelling Sanctuary Inc reported income of $321k and spending of $367k, spending 114% of what it took in. Across the 2 years on record, from August 2022 to August 2023, income fell from $362k to $321k (-11%), an average of -11% a year. Over the whole period it spent 112% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, The Word a Storytelling Sanctuary 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 63rd percentile, and in the 60th percentile within CO. Charities of a similar size with the same main cause include Northglenn Arts & Humanities Foundation ($321k), Nebraska Council on Economic Education ($322k) and Winter Garden Art Association ($321k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $155k (42% of expenses). Other salaries and wages came to $993. At year end it held assets of $108k against liabilities of $167k, net assets of -$59k. It reported 3 employees.