The Storehouse of Northeast Florida

Analysis

The Storehouse of Northeast Florida is a registered charity in United States, based in Callahan, FL. It received its IRS tax-exemption ruling in January 2021, 5 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, The Storehouse of Northeast Florida reported income of $114k and spending of $114k, spending 100% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $87k to $114k (+31%), an average of +15% a year. The sharpest change came in the year to December 2022, when income rose by 92%. Over the whole period it spent 70% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Storehouse of Northeast Florida sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 44th percentile within FL. Charities of a similar size with the same main cause include Taiwanese Association of America Inc ($114k), Sun East Foundation Inc ($114k) and Stephenson County Historical Society ($114k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $79k against liabilities of $0, net assets of $79k.