Stormwise Foundation

Analysis

Stormwise Foundation is a registered charity in United States, based in Houma, LA. It received its IRS tax-exemption ruling in June 2022, 4 years ago. Its declared purposes cover public safety, disaster preparedness and relief, which this site groups under armed forces, emergency and public safety. 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, Stormwise Foundation reported income of $117k and spending of $149k, spending 127% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $164k to $117k (-28%), an average of -28% a year. The sharpest change came in the year to December 2023, when income dropped by 28%. Over the whole period it spent 99% of the income it received.

Among 9,128 United States charities whose main cause is armed forces, emergency and public safety and that reported income, Stormwise Foundation sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 40th percentile within LA. Charities of a similar size with the same main cause include Beaver Springs Volunteer Fire Company ($117k), Friends of the Bethlehem Mounted Police ($117k) and Hose Company No 1 of Ford City Pennsylvania ($117k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 39% and program service revenue 61% of the total. Compensation of current officers, directors and key employees was $48k (32% of expenses). Other salaries and wages came to $56k. At year end it held assets of $22k against liabilities of $108k, net assets of -$86k. It reported 3 employees.