Storymakers NYC Inc

Analysis

Storymakers NYC Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in April 2022, 4 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Storymakers NYC Inc reported income of $1.6m and spending of $368k, leaving 76% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $474k to $1.6m (+227%), an average of +227% a year. The sharpest change came in the year to December 2023, when income rose by 227%. Over the whole period it spent 40% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Storymakers NYC Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 80th percentile within NY. Charities of a similar size with the same main cause include The Jewish Vocational Service Foundation Inc ($1.5m), Men & Women in Prison Ministries ($1.6m) and Hope and Help International ($1.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 106% of the total. Compensation of current officers, directors and key employees was $78k (21% of expenses). Other salaries and wages came to $6,062. At year end it held assets of $1.8m against liabilities of $130k, net assets of $1.7m. It reported 1 employees.