Storychannel USA

Analysis

Storychannel USA is a registered charity in United States, based in Cle Elum, WA. It received its IRS tax-exemption ruling in March 2021, 5 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Storychannel USA reported income of $55k and spending of $61k, spending 110% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $92k to $55k (-40%), an average of -40% a year. The sharpest change came in the year to December 2023, when income dropped by 40%. Over the whole period it spent 106% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Storychannel USA sits at the 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 16th percentile within WA. Charities of a similar size with the same main cause include Daughters of St Mary Convent ($55k), Rosarian Academy Charitable Trust ($55k) and Solid Rock Nondenominational Church ($55k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $5,746 against liabilities of $2,979, net assets of $2,767.