The Storehouse
The Storehouse consistently directs all spending to programs, with no executive compensation, despite fluctuating revenue and assets.
EIN: 200500031 · Omaha, NE · NTEE: X21 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $67K |
| Total Expenses | $39K |
| Program Spending | 100% |
| Net Assets | $3K |
| Transparency Score | 95/100 |
Is The Storehouse Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
The Storehouse directs 100% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About The Storehouse
The Storehouse (EIN: 200500031) is a nonprofit organization based in Omaha, NE, classified under NTEE code X21. The organization reported total revenue of $67K and total assets of $2K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Storehouse's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
The Storehouse is a micro nonprofit that has been operating for 22 years, with 8 years of IRS 990 filings on record (2011–2019). Revenue has grown at a compound annual rate of -5.6%.
Key Financial Metrics (2019)
From the most recent IRS 990 filing on record:
| Total Revenue | $46K |
| Total Expenses | $39K |
| Surplus / Deficit | +$7K |
| Total Assets | $3K |
| Net Assets | $3K |
| Operating Margin | 15.9% |
| Months of Reserves | 0.9 months |
Financial Health Grade: A
In 2019, The Storehouse reported a surplus of $7K with revenue exceeding expenses, holds 0.9 months of operating reserves (limited).
Financial Trends
Over 8 years of filings (2011–2019), The Storehouse's revenue has declined at a compound annual growth rate (CAGR) of -5.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2019 | -9.7% | -39.3% | +176.6% |
| 2018 | -28.5% | -10.8% | -96.9% |
| 2016 | +6.3% | +29.5% | -0.8% |
| 2015 | +36.6% | +19.9% | +54.0% |
| 2014 | -21.9% | -35.7% | +15.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1700 |
| IRS Ruling Date | 2004 |
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 The Storehouse with a Mission Score of 95 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: 0%
- programs: 100%
- fundraising: 0%
According to IRS 990 filings, The Storehouse allocates its expenses as follows: admin: 0%, programs: 100%, fundraising: 0%. With 100% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2019)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $7K, with revenue exceeding expenses.
Executive Compensation Analysis
The Storehouse reports 0% officer compensation across all available filings, indicating that no executive salaries are paid, which is highly commendable for a nonprofit of any size and demonstrates a strong commitment to directing all funds to its mission.
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 The Storehouse's IRS 990 filings:
- Fluctuating and relatively low asset base, indicating limited financial reserves.
Strengths
The following positive indicators were identified for The Storehouse:
- 100% program spending ratio, indicating high efficiency.
- Zero officer compensation reported across all filings, demonstrating strong financial stewardship.
- Consistent IRS 990 filing history, indicating transparency.
- Zero liabilities reported in all available filings, suggesting sound financial management.
Frequently Asked Questions about The Storehouse
Is The Storehouse a legitimate charity?
Based on AI analysis of IRS 990 filings, The Storehouse (EIN: 200500031) some concerns. Mission Score: 95/100. 1 red flag identified, 4 strengths noted.
How does The Storehouse spend its money?
The Storehouse directs 100% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to The Storehouse tax-deductible?
The Storehouse is registered as a tax-exempt nonprofit (EIN: 200500031). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does The Storehouse compare to similar nonprofits?
With a transparency score of 95/100 (Excellent), The Storehouse is above average for NTEE category X21 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is The Storehouse located?
The Storehouse is headquartered in Omaha, Nebraska and files with the IRS under EIN 200500031. It is classified under NTEE code X21.
How many years of IRS 990 filings does The Storehouse have?
The Storehouse has 8 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 $67K in total revenue.
Is The Storehouse a good charity?
Based on the available IRS 990 data, The Storehouse appears to be a very good charity, particularly due to its 100% program spending ratio and zero executive compensation, indicating high efficiency and a strong mission focus.
How does The Storehouse manage its finances?
The Storehouse manages its finances by directing all reported expenses to program services, maintaining zero liabilities, and operating without executive compensation. Its revenue and asset base are small, but it consistently files its 990s.
What is the trend in The Storehouse's assets?
The Storehouse's assets have fluctuated significantly over its filing history, from a high of $33,793 in 2015 to a low of $1,044 in 2018, and currently stand at $2,286. This indicates variability in its financial reserves.
Filing History
IRS 990 filing history for The Storehouse showing financial trends over 8 years of public records:
Over 8 years of IRS 990 filings (2011–2019), The Storehouse's revenue has declined by 37.1%, moving from $74K to $46K. Total assets decreased by 90.9% over the same period, from $32K to $3K. Total functional expenses fell by 51.4%, from $80K to $39K. In its most recent filing year (2019), The Storehouse reported a surplus of $7K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2019 | $46K | $39K | $3K | $0 | — | View 990 |
| 2018 | $51K | $64K | $1K | $0 | — | View 990 |
| 2016 | $72K | $72K | $34K | $0 | — | View 990 |
| 2015 | $67K | $55K | $34K | $0 | — | View 990 |
| 2014 | $49K | $46K | $22K | $0 | — | View 990 |
| 2013 | $63K | $72K | $19K | $0 | — | View 990 |
| 2012 | $69K | $73K | $28K | $0 | — | View 990 |
| 2011 | $74K | $80K | $32K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2019: Revenue of $46K, expenses of $39K, and assets of $3K (revenue -9.7% year-over-year).
- 2018: Revenue of $51K, expenses of $64K, and assets of $1K (revenue -28.5% year-over-year).
- 2016: Revenue of $72K, expenses of $72K, and assets of $34K (revenue +6.3% year-over-year).
- 2015: Revenue of $67K, expenses of $55K, and assets of $34K (revenue +36.6% year-over-year).
- 2014: Revenue of $49K, expenses of $46K, and assets of $22K (revenue -21.9% year-over-year).
- 2013: Revenue of $63K, expenses of $72K, and assets of $19K (revenue -9.2% year-over-year).
- 2012: Revenue of $69K, expenses of $73K, and assets of $28K (revenue -5.6% year-over-year).
- 2011: Revenue of $74K, expenses of $80K, and assets of $32K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for The Storehouse:
Data Sources and Methodology
This transparency report for The Storehouse 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.