Storehouse for Teachers

Analysis

Storehouse for Teachers is a registered charity in United States, based in Pittsburgh, PA. It received its IRS tax-exemption ruling in October 2009, 17 years ago. Its declared purposes cover education, which this site groups under education and training. 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 April 2024, Storehouse for Teachers reported income of $14.9m and spending of $14.4m, spending 97% of its income. Across the 6 years on record, from April 2019 to April 2024, income grew from $4.6m to $14.9m (+221%), an average of +26% a year. The sharpest change came in the year to April 2020, when income rose by 53%. Over the whole period it spent 98% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Storehouse for Teachers sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 95th percentile within PA. Charities of a similar size with the same main cause include California State University Channel Islands Foundation ($14.9m), Apple Tree Early Learning Public Charter School ($14.9m) and Florida Christian School of Dade ($14.9m).

On its Form 990 for the period ending April 2024, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $140k (1.0% of expenses). Other salaries and wages came to $805k. It paid $30k in professional fundraising fees. At year end it held assets of $4.6m against liabilities of $500k, net assets of $4.1m. It reported 18 employees.