Storytime Crafts Inc

Analysis

Storytime Crafts Inc is a registered charity in United States, based in Needham, MA. It received its IRS tax-exemption ruling in May 2019, 7 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 June 2024, Storytime Crafts Inc reported income of $106k and spending of $62k, leaving 42% of income unspent that year. Across the 2 years on record, from June 2023 to June 2024, income fell from $197k to $106k (-46%), an average of -46% a year. The sharpest change came in the year to June 2024, when income dropped by 46%. Over the whole period it spent 64% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Storytime Crafts Inc sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 45th percentile within MA. Charities of a similar size with the same main cause include Cisd Educational Support Groups Inc ($106k), Foundation for Educating Children with Autism Inc ($106k) and Rockport Library Foundation ($106k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 97% of the total. At year end it held assets of $181k against liabilities of $0, net assets of $181k.