Chooseyourstory Inc

Analysis

Chooseyourstory Inc is a registered charity in United States, based in Malakoff, TX. It received its IRS tax-exemption ruling in August 2020, 6 years ago. 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, Chooseyourstory Inc reported income of $51k and spending of $38k, leaving 26% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $42k to $51k (+21%), an average of +21% a year. The sharpest change came in the year to December 2023, when income rose by 21%. Over the whole period it spent 79% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Chooseyourstory Inc sits at the 19th percentile: it is larger than about 19% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 20th percentile within TX. Charities of a similar size with the same main cause include Braden River Elementary Parent Teacher Organization Lpto ($51k), PTA Texas Congress ($51k) and Kate McVeigh Ministries Inc ($51k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 7.8% of the total. At year end it held assets of $74k against liabilities of $9,662, net assets of $65k.