Is Storycorps Inc Legit?

Quick charity verification for Storycorps Inc (EIN: 133753011)

Verdict: Storycorps Inc appears trustworthy

85/100Mission Score

$19.0MRevenue

$10.8MAssets

2Red Flags

4Strengths

Red Flags

Consistent 0% officer compensation reported, which is highly unusual for an organization of this size and warrants further investigation into compensation schedules.
Operating deficits in recent years (e.g., 2023, 2022, 2021) where expenses exceeded revenue, though assets remain strong.

Strengths

Strong and growing asset base, reaching $17.1M in 2023, providing financial resilience.
Consistent revenue generation, with a general upward trend over the past decade.
Healthy asset-to-liability ratio, indicating strong financial solvency.
Significant revenue growth in 2020 ($20.8M) demonstrating capacity for large-scale funding.

Spending Breakdown

How Storycorps Inc allocates its funds across programs, administration, and fundraising.

80%

Program Spending

Healthy — majority goes to mission

12%

Admin Costs

Reasonable — admin costs in check

Fundraising

Within typical range

How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.

How to Interpret This Report

What Red Flags Mean

Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.

What Mission Score Measures

The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.

Using This Data for Donation Decisions

Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.

Frequently Asked Questions about Storycorps Inc

Is Storycorps Inc a legitimate charity?

Based on AI analysis of IRS 990 filings, Storycorps Inc (EIN: 133753011) appears trustworthy. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.

Is Storycorps Inc a good charity to donate to?

Storycorps Inc has a Mission Score of 85/100. Revenue: $19.0M. Assets: $10.8M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Storycorps Inc?

The Employer Identification Number (EIN) for Storycorps Inc is 133753011. This is the unique tax ID assigned by the IRS.

What is a Mission Score?

The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.

How does Storycorps Inc spend its money?

Storycorps Inc allocates 80% to programs, 12% to administration, and 8% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Storycorps Inc's tax-exempt status?

You can verify Storycorps Inc's tax-exempt status using EIN 133753011 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.

AI Transparency Report

Storycorps Inc. demonstrates a generally stable financial position, with recent years showing consistent revenue generation. In 2023, the organization reported revenues of $16,768,514 against expenses of $17,610,645, indicating a slight operating deficit for that period. However, this follows a trend of managing expenses close to or slightly above revenue in several years, such as 2022 ($14,030,906 revenue vs. $14,285,068 expenses) and 2021 ($12,121,023 revenue vs. $12,950,045 expenses). A notable exception was 2020, where revenue significantly outpaced expenses ($20,862,747 revenue vs. $10,816,183 expenses), leading to a substantial increase in assets. The organization's assets have grown over time, reaching $17,155,967 in 2023, which provides a solid financial cushion. The consistent reporting of 0% officer compensation across all available filings suggests a high degree of transparency regarding executive pay, or that executive compensation is not reported in this specific field, which warrants further investigation into other compensation schedules if available. Overall, Storycorps appears to be a financially sound organization, effectively managing its resources to support its mission.

View Full Transparency Report →

Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.