Story House Ministries Inc

Analysis

Story House Ministries Inc is a registered charity in United States, based in Leo, IN. It received its IRS tax-exemption ruling in April 2022, 4 years ago. Its declared purposes cover mental health and crisis intervention, which this site groups under health and saving lives. 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, Story House Ministries Inc reported income of $366k and spending of $377k, spending 103% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $72k to $366k (+412%), an average of +412% a year. The sharpest change came in the year to December 2023, when income rose by 412%. Over the whole period it spent 99% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Story House Ministries Inc sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 65th percentile within IN. Charities of a similar size with the same main cause include Robertson Research Institute ($366k), Cancer Association of Mercer County Inc ($366k) and Great Commission Outreach ($366k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 11% and program service revenue 89% of the total. Compensation of current officers, directors and key employees was $69k (18% of expenses). Other salaries and wages came to $8,608. At year end it held assets of $15k against liabilities of $11k, net assets of $3,529. It reported 4 employees.