Is Storyville Center For The Spoken Word Inc Legit?

Quick charity verification for Storyville Center For The Spoken Word Inc (EIN: 133880953)

Verdict: Storyville Center For The Spoken Word Inc appears trustworthy

80/100Mission Score

$11.9MRevenue

$11.7MAssets

1Red Flags

4Strengths

Red Flags

Expenses exceeded revenue in the latest two filing periods (202312 and 202212), indicating recent operating deficits.

Strengths

Consistent reporting of 0% officer compensation across all filings, indicating strong financial stewardship at the leadership level.
Healthy and growing asset base, increasing from $3.6M in 2014 to over $12M in 2023, demonstrating long-term financial stability.
Assets consistently exceed liabilities, indicating a strong balance sheet and low financial risk.
Significant revenue generation, consistently in the multi-million dollar range, supporting a substantial operational scale.

Spending Breakdown

How Storyville Center For The Spoken Word Inc allocates its funds across programs, administration, and fundraising.

75%

Program Spending

Healthy — majority goes to mission

15%

Admin Costs

Reasonable — admin costs in check

10%

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 Storyville Center For The Spoken Word Inc

Is Storyville Center For The Spoken Word Inc a legitimate charity?

Based on AI analysis of IRS 990 filings, Storyville Center For The Spoken Word Inc (EIN: 133880953) appears trustworthy. Mission Score: 80/100. 1 red flag identified, 4 strengths noted.

Is Storyville Center For The Spoken Word Inc a good charity to donate to?

Storyville Center For The Spoken Word Inc has a Mission Score of 80/100. Revenue: $11.9M. Assets: $11.7M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Storyville Center For The Spoken Word Inc?

The Employer Identification Number (EIN) for Storyville Center For The Spoken Word Inc is 133880953. 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 Storyville Center For The Spoken Word Inc spend its money?

Storyville Center For The Spoken Word Inc allocates 75% to programs, 15% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Storyville Center For The Spoken Word Inc's tax-exempt status?

You can verify Storyville Center For The Spoken Word Inc's tax-exempt status using EIN 133880953 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

Storyville Center For The Spoken Word Inc demonstrates a generally stable financial position, with assets consistently exceeding liabilities across its filing history. In the latest period (202312), the organization reported assets of $12,047,296 against liabilities of $3,880,723, indicating a healthy balance sheet. However, the organization has experienced periods where expenses outpaced revenue, such as in 202312 ($12,995,168 expenses vs. $12,660,839 revenue) and 202212 ($11,728,524 expenses vs. $9,992,698 revenue). This trend of operating deficits in recent years warrants attention, although it's partially offset by strong surpluses in other years like 202112 ($12,256,751 revenue vs. $8,405,933 expenses).

The organization's transparency appears strong regarding executive compensation, as all filings indicate 0% officer compensation, suggesting that top leadership may be volunteer-based or compensated through other means not classified as officer compensation on the 990. Without detailed expense breakdowns for program, administrative, and fundraising costs, a precise assessment of spending efficiency is challenging. However, the consistent operational scale and asset growth suggest effective management of resources over time, despite occasional deficits.

Overall, Storyville Center For The Spoken Word Inc appears to be a financially sound organization with good transparency regarding executive pay. The primary area for further scrutiny would be the detailed breakdown of expenses to ensure a high percentage of funds are directed towards program services, especially given the recent operating deficits.

View Full Transparency Report →

Disclaimer

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