Storycorps Inc
Storycorps Inc. maintains stable finances with consistent revenue and asset growth, reporting 0% officer compensation in available filings.
EIN: 133753011 · Brooklyn, NY · NTEE: A32 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $19.0M |
| Total Expenses | $17.6M |
| Program Spending | 80% |
| CEO/Top Officer Pay | $16.7M |
| Net Assets | $13.5M |
| Transparency Score | 85/100 |
Is Storycorps Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Storycorps Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Storycorps Inc
Storycorps Inc (EIN: 133753011) is a nonprofit organization based in Brooklyn, NY, classified under NTEE code A32. The organization reported total revenue of $19.0M and total assets of $10.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Storycorps Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Storycorps Inc is a large nonprofit that has been operating for 32 years, with 12 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 8.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $16.8M |
| Total Expenses | $17.6M |
| Surplus / Deficit | $-842,131 |
| Total Assets | $17.2M |
| Total Liabilities | $3.7M |
| Net Assets | $13.5M |
| Operating Margin | -5.0% |
| Debt-to-Asset Ratio | 21.4% |
| Months of Reserves | 11.7 months |
Financial Health Grade: B
In 2023, Storycorps Inc reported a deficit of $842K with expenses exceeding revenue, holds 11.7 months of operating reserves (strong position), has a debt-to-asset ratio of 21.4% (moderate leverage).
Financial Trends
Over 12 years of filings (2011–2023), Storycorps Inc's revenue has grown at a compound annual growth rate (CAGR) of 8.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +19.5% | +23.3% | +10.2% |
| 2022 | +15.8% | +10.3% | -6.3% |
| 2021 | -41.9% | +19.7% | -9.4% |
| 2020 | +132.7% | -3.0% | +161.2% |
| 2019 | +1.0% | +12.4% | -24.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1994 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Storycorps Inc with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 12%
- programs: 80%
- fundraising: 8%
According to IRS 990 filings, Storycorps Inc allocates its expenses as follows: admin: 12%, programs: 80%, fundraising: 8%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $842K, with expenses exceeding revenue.
- Debt-to-asset ratio: 21.4%.
Executive Compensation Analysis
The reported 0% officer compensation across all available IRS 990 filings is highly unusual for an organization of Storycorps' size and revenue ($16.7M in 2023), suggesting that executive compensation may be reported in a different section of the 990 or is not being paid to officers in a traditional sense, which requires further scrutiny for complete transparency.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Storycorps Inc's IRS 990 filings:
- 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
The following positive indicators were identified for Storycorps Inc:
- 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.
Frequently Asked Questions about Storycorps Inc
Is Storycorps Inc a legitimate charity?
Storycorps Inc (EIN: 133753011) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 85/100. It has 12 years of IRS 990 filings on record. Total revenue: $19.0M. 2 red flags identified. 4 strengths noted. Financial health grade: B.
How does Storycorps Inc spend its money?
Storycorps Inc directs 80% of its spending to programs and services. Fundraising costs 8%. This exceeds the 65% industry benchmark.
Are donations to Storycorps Inc tax-deductible?
Storycorps Inc is registered as a tax-exempt nonprofit (EIN: 133753011). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Storycorps Inc CEO make?
Storycorps Inc's highest-compensated officer earns $16.7M annually. The organization reported $19.0M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Storycorps Inc's spending goes to programs?
Storycorps Inc directs 80% to programs, 8% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Storycorps Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Storycorps Inc is above average for NTEE category A32 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Storycorps Inc located?
Storycorps Inc is headquartered in Brooklyn, New York and files with the IRS under EIN 133753011. It is classified under NTEE code A32.
How many years of IRS 990 filings does Storycorps Inc have?
Storycorps Inc has 12 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $19.0M in total revenue.
Is Storycorps Inc. financially stable?
Yes, Storycorps Inc. appears financially stable. While some years show slight operating deficits (e.g., 2023 with $16.7M revenue vs. $17.6M expenses), the organization has consistently maintained strong asset levels, reaching $17.1M in 2023, providing a good financial buffer.
How has Storycorps Inc.'s revenue trended over time?
Storycorps Inc.'s revenue has shown a general upward trend over the past decade, from $7.5M in 2013 to $16.7M in 2023, with a significant peak of $20.8M in 2020.
What is the organization's approach to executive compensation?
All available IRS 990 filings for Storycorps Inc. report 0% officer compensation. This is an unusual reporting pattern for an organization of its scale and suggests that executive compensation might be reported under different categories or that the organization has a unique compensation structure for its leadership.
Does Storycorps Inc. have sufficient assets to cover liabilities?
Yes, Storycorps Inc. consistently holds significantly more assets than liabilities. For example, in 2023, assets were $17.1M against liabilities of $3.6M, indicating a strong balance sheet.
Filing History
IRS 990 filing history for Storycorps Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2023), Storycorps Inc's revenue has grown by 153.5%, moving from $6.6M to $16.8M. Total assets increased by 259.7% over the same period, from $4.8M to $17.2M. Total functional expenses rose by 194.8%, from $6.0M to $17.6M. In its most recent filing year (2023), Storycorps Inc reported a deficit of $842K, with expenses exceeding revenue. The organization holds $3.7M in liabilities against $17.2M in assets (debt-to-asset ratio: 21.4%), resulting in net assets of $13.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $16.8M | $17.6M | $17.2M | $3.7M | — | — |
| 2022 | $14.0M | $14.3M | $15.6M | $1.3M | — | — |
| 2021 | $12.1M | $13.0M | $16.6M | $2.0M | — | View 990 |
| 2020 | $20.9M | $10.8M | $18.3M | $2.9M | — | View 990 |
| 2019 | $9.0M | $11.2M | $7.0M | $1.6M | — | View 990 |
| 2018 | $8.9M | $9.9M | $9.3M | $1.8M | — | View 990 |
| 2016 | $11.8M | $10.6M | $7.8M | $1.3M | — | View 990 |
| 2015 | $9.8M | $9.9M | $6.8M | $1.5M | — | View 990 |
| 2014 | $9.4M | $8.8M | $6.7M | $1.2M | — | View 990 |
| 2013 | $7.6M | $7.9M | $6.1M | $1.3M | — | View 990 |
| 2012 | $7.8M | $6.4M | $6.3M | $1.0M | — | View 990 |
| 2011 | $6.6M | $6.0M | $4.8M | $944K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $16.8M, expenses of $17.6M, and assets of $17.2M (revenue +19.5% year-over-year).
- 2022: Revenue of $14.0M, expenses of $14.3M, and assets of $15.6M (revenue +15.8% year-over-year).
- 2021: Revenue of $12.1M, expenses of $13.0M, and assets of $16.6M (revenue -41.9% year-over-year).
- 2020: Revenue of $20.9M, expenses of $10.8M, and assets of $18.3M (revenue +132.7% year-over-year).
- 2019: Revenue of $9.0M, expenses of $11.2M, and assets of $7.0M (revenue +1.0% year-over-year).
- 2018: Revenue of $8.9M, expenses of $9.9M, and assets of $9.3M (revenue -24.9% year-over-year).
- 2016: Revenue of $11.8M, expenses of $10.6M, and assets of $7.8M (revenue +21.0% year-over-year).
- 2015: Revenue of $9.8M, expenses of $9.9M, and assets of $6.8M (revenue +4.0% year-over-year).
- 2014: Revenue of $9.4M, expenses of $8.8M, and assets of $6.7M (revenue +24.4% year-over-year).
- 2013: Revenue of $7.6M, expenses of $7.9M, and assets of $6.1M (revenue -3.4% year-over-year).
- 2012: Revenue of $7.8M, expenses of $6.4M, and assets of $6.3M (revenue +18.3% year-over-year).
- 2011: Revenue of $6.6M, expenses of $6.0M, and assets of $4.8M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Storycorps Inc:
Data Sources and Methodology
This transparency report for Storycorps 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.