Josephs Storehouse of Hurricane Mills

Analysis

Josephs Storehouse of Hurricane Mills is a registered charity in United States, based in Hurricne MLLS, TN. It received its IRS tax-exemption ruling in June 2021, 5 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Josephs Storehouse of Hurricane Mills reported income of $63k and spending of $59k, spending 94% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $21k to $63k (+194%), an average of +194% a year. The sharpest change came in the year to December 2023, when income rose by 194%. Over the whole period it spent 118% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Josephs Storehouse of Hurricane Mills sits at the 22nd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 23rd percentile within TN. Charities of a similar size with the same main cause include Tricolore Committee ($63k), Streatorland Community Food Pantry Inc ($63k) and Mancelona Food Pantry & Resale Inc ($63k).

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 $49k against liabilities of $0, net assets of $49k.