Success Stories Program

Analysis

Success Stories Program is a registered charity in United States, based in Newhall, CA. It received its IRS tax-exemption ruling in July 2020, 6 years ago. 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, Success Stories Program reported income of $1.5m and spending of $1.1m, leaving 28% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income grew from $801k to $1.5m (+90%), an average of +24% a year. The sharpest change came in the year to December 2023, when income rose by 46%. Over the whole period it spent 73% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Success Stories Program sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 84th percentile within CA. Charities of a similar size with the same main cause include Our Space Inc ($1.5m), Gamma Iota Sigma ($1.5m) and Pennsylvania Wounded Warriors Inc ($1.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 91% and program service revenue 9.4% of the total. Compensation of current officers, directors and key employees was $323k (30% of expenses). Other salaries and wages came to $446k. At year end it held assets of $1.2m against liabilities of $45k, net assets of $1.1m. It reported 12 employees.