Eight Million Stories Inc
EIN: 463716567 · Houston, TX · NTEE: O50
| Metric | Value |
|---|---|
| Total Revenue | $1.8M |
| Total Expenses | $1.6M |
| Net Assets | $887K |
Is Eight Million Stories Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Eight Million Stories Inc
Eight Million Stories Inc (EIN: 463716567) is a nonprofit organization based in Houston, TX, classified under NTEE code O50. The organization reported total revenue of $1.8M and total assets of $1.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Eight Million Stories Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Eight Million Stories Inc is a mid-size nonprofit that has been operating for 7 years, with 4 years of IRS 990 filings on record (2020–2023). Revenue has grown at a compound annual rate of 20.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.3M |
| Total Expenses | $1.6M |
| Surplus / Deficit | $-298,509 |
| Total Assets | $917K |
| Total Liabilities | $30K |
| Net Assets | $887K |
| Operating Margin | -23.3% |
| Debt-to-Asset Ratio | 3.3% |
| Months of Reserves | 7.0 months |
Financial Health Grade: B
In 2023, Eight Million Stories Inc reported a deficit of $299K with expenses exceeding revenue, holds 7.0 months of operating reserves (strong position), has a debt-to-asset ratio of 3.3% (very low leverage).
Financial Trends
Over 4 years of filings (2020–2023), Eight Million Stories Inc's revenue has grown at a compound annual growth rate (CAGR) of 20.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +22.6% | +69.8% | -23.8% |
| 2022 | -10.4% | +97.0% | +12.4% |
| 2021 | +58.9% | +31.4% | +185.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2019 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Eight Million Stories Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Eight Million Stories Inc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $299K, with expenses exceeding revenue.
- Debt-to-asset ratio: 3.3%.
Frequently Asked Questions about Eight Million Stories Inc
Is Eight Million Stories Inc a legitimate charity?
Eight Million Stories Inc (EIN: 463716567) is a registered tax-exempt nonprofit based in Texas. It has 4 years of IRS 990 filings on record. Total revenue: $1.8M. No red flags identified. Financial health grade: B.
How does Eight Million Stories Inc spend its money?
Eight Million Stories Inc reported $1.8M in total revenue in IRS 990 filings. 4 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Eight Million Stories Inc tax-deductible?
Eight Million Stories Inc is registered as a tax-exempt nonprofit (EIN: 463716567). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Eight Million Stories Inc located?
Eight Million Stories Inc is headquartered in Houston, Texas and files with the IRS under EIN 463716567. It is classified under NTEE code O50.
How many years of IRS 990 filings does Eight Million Stories Inc have?
Eight Million Stories Inc has 4 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $1.8M in total revenue.
Filing History
IRS 990 filing history for Eight Million Stories Inc showing financial trends over 4 years of public records:
Over 4 years of IRS 990 filings (2020–2023), Eight Million Stories Inc's revenue has grown by 74.5%, moving from $735K to $1.3M. Total assets increased by 144.5% over the same period, from $375K to $917K. Total functional expenses rose by 339.6%, from $360K to $1.6M. In its most recent filing year (2023), Eight Million Stories Inc reported a deficit of $299K, with expenses exceeding revenue. The organization holds $30K in liabilities against $917K in assets (debt-to-asset ratio: 3.3%), resulting in net assets of $887K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.3M | $1.6M | $917K | $30K | — | — |
| 2022 | $1.0M | $931K | $1.2M | $18K | — | View 990 |
| 2021 | $1.2M | $473K | $1.1M | $0 | — | — |
| 2020 | $735K | $360K | $375K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.3M, expenses of $1.6M, and assets of $917K (revenue +22.6% year-over-year).
- 2022: Revenue of $1.0M, expenses of $931K, and assets of $1.2M (revenue -10.4% year-over-year).
- 2021: Revenue of $1.2M, expenses of $473K, and assets of $1.1M (revenue +58.9% year-over-year).
- 2020: Revenue of $735K, expenses of $360K, and assets of $375K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Eight Million Stories Inc:
Data Sources and Methodology
This transparency report for Eight Million Stories Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.