The Storehouse
The Storehouse consistently operates with a surplus and reports no officer compensation.
EIN: 20551015 · Covington, WA · NTEE: K31 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $2.7M |
| Total Expenses | $2.4M |
| Program Spending | 90% |
| Net Assets | $338K |
| Transparency Score | 92/100 |
Search Intent Cockpit
The Storehouse Form 990, Revenue, CEO Pay, and IRS Filing Signals
The Storehouse is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around The Storehouse in one place.
Form 990 Filing Summary
13 filing years are available, with latest revenue of $2.5M and expenses of $2.4M.
Revenue and Expenses
The Storehouse reported $2.5M in revenue and $2.4M in expenses, a surplus of $103K.
Executive Compensation
Officer, director, trustee, and key employee pay is reviewed from IRS 990 compensation disclosures when present.
Charity Score and Red Flags
92/100 mission score, 0 red flags, and 5 strengths are shown from structured and AI review.
Is The Storehouse Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
IRS 990 Data Cockpit
Where the Money Comes From and Where It Goes
Revenue Source Mix
Revenue-source line items are not available on the stored filing yet. Future ingestion now preserves contribution, program-revenue, and investment-income fields when ProPublica provides them.
Expense Deployment
| Program services | $2.2M (90%) |
Across stored filings, The Storehouse shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.
Decision Cockpit
One-Stop Donor, Research, and Peer Context Hub
| Decision Lens | Signal | What to Inspect Next |
|---|---|---|
| Legitimacy | Appears Legitimate | Good filing record; no red flags identified |
| Mission spend | 90% to programs | Excellent |
| Financial durability | Grade A | 13 stored filing years |
| Peer context | Compare with Okanogan Regional Humane | Washington and Category K context |
Trust Check
Review legitimacy, deductibility, red flags, and filing consistency.
Open charity check →Peer Benchmark
Compare against real state and category peers.
Compare with Okanogan Regional Humane →All Washington nonprofits
All Category K
Local and Sector Spokes
Move into this nonprofit's local market, category, and sector maps.
Covington, WA nonprofitsCategory K in Washington
Human Services in Washington
Follow the Money
Jump into spending, compensation, rankings, and filing-year evidence.
State spending analysisState compensation analysis
Category K spending
Best Category K charities in Washington
Relevant rankings
Donation Decision Flow
From Trust Check to Better Alternatives
Alternative Shopping
Similar Nonprofits Donors Should Compare
Olympic Peninsula Community Clinic
Port Angeles, WA · $3.3M revenue · Score 95/100
Compare side-by-sideFaunalytics
Olympia, WA · $1.5M revenue · Score 95/100
Compare side-by-sideClean & Sober Softball Association
Redmond, WA · $190K revenue · Score 92/100
Compare side-by-sideSpokane Valley Heritage Museum
Spokane Vly, WA · $153K revenue · Score 92/100
Compare side-by-sideNext Best Actions
Keep the Investigation Moving
The Storehouse directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About The Storehouse
The Storehouse (EIN: 20551015) is a nonprofit organization based in Covington, WA, classified under NTEE code K31. The organization reported total revenue of $2.7M and total assets of $336K 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 mid-size nonprofit that has been operating for 22 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 12.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.5M |
| Total Expenses | $2.4M |
| Surplus / Deficit | +$103K |
| Total Assets | $341K |
| Total Liabilities | $3K |
| Net Assets | $338K |
| Operating Margin | 4.1% |
| Debt-to-Asset Ratio | 0.9% |
| Months of Reserves | 1.7 months |
Financial Health Grade: A
In 2023, The Storehouse reported a surplus of $103K with revenue exceeding expenses, holds 1.7 months of operating reserves (limited), has a debt-to-asset ratio of 0.9% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), The Storehouse's revenue has grown at a compound annual growth rate (CAGR) of 12.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +16.7% | +13.5% | +43.3% |
| 2022 | -8.0% | -8.0% | +15.2% |
| 2021 | -19.9% | -17.8% | +18.6% |
| 2020 | +115.1% | +108.8% | +167.1% |
| 2019 | -5.5% | -4.8% | +21.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| 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 92 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: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, The Storehouse allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% 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 surplus of $103K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.9%.
Executive Compensation Analysis
The Storehouse reports 0% officer compensation across all available filings, indicating that its leadership is either unpaid or compensated through non-officer roles, which is highly favorable for a nonprofit of its size.
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.
Strengths
The following positive indicators were identified for The Storehouse:
- Consistent revenue exceeding expenses, indicating strong financial management (e.g., 2023 revenue $2,526,351 vs. expenses $2,423,066).
- Zero reported officer compensation across all filings, maximizing funds for programs.
- Steady growth in assets over the past decade, from $15,890 in 2014 to $340,671 in 2023.
- Very low liabilities relative to assets and revenue, demonstrating fiscal prudence.
- Long and consistent filing history (13 filings), indicating transparency and established operations.
Frequently Asked Questions about The Storehouse
Is The Storehouse a legitimate charity?
The Storehouse (EIN: 20551015) is a registered tax-exempt nonprofit based in Washington. Our AI analysis gives it a Mission Score of 92/100. It has 13 years of IRS 990 filings on record. Total revenue: $2.7M. No red flags identified. 5 strengths noted. Financial health grade: A.
How does The Storehouse spend its money?
The Storehouse directs 90% of its spending to programs and services. Fundraising costs 3%. This exceeds the 65% industry benchmark.
Are donations to The Storehouse tax-deductible?
The Storehouse is registered as a tax-exempt nonprofit (EIN: 20551015). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of The Storehouse's spending goes to programs?
The Storehouse directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does The Storehouse compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), The Storehouse is above average for NTEE category K31 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 Covington, Washington and files with the IRS under EIN 20551015. It is classified under NTEE code K31.
How many years of IRS 990 filings does The Storehouse have?
The Storehouse has 13 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 $2.7M in total revenue.
How does The Storehouse manage to operate without officer compensation?
The filings consistently show 0% officer compensation, suggesting that key leadership roles are either volunteer-based or compensated through other means not classified as officer compensation, which is a significant operational efficiency.
What is the trend in The Storehouse's revenue and expenses?
The Storehouse has shown significant growth in revenue, from $782,452 in 2014 to $2,526,351 in 2023, with expenses generally tracking closely behind, indicating consistent operational activity and growth in its services.
Is The Storehouse financially stable?
Yes, The Storehouse appears financially stable. It consistently reports revenues exceeding expenses, leading to a steady increase in assets from $15,890 in 2014 to $340,671 in 2023, while maintaining very low liabilities.
Filing History
IRS 990 filing history for The Storehouse showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), The Storehouse's revenue has grown by 291.5%, moving from $645K to $2.5M. Total assets increased by 4183.6% over the same period, from $8K to $341K. Total functional expenses rose by 275.2%, from $646K to $2.4M. In its most recent filing year (2023), The Storehouse reported a surplus of $103K, with revenue exceeding expenses. The organization holds $3K in liabilities against $341K in assets (debt-to-asset ratio: 0.9%), resulting in net assets of $338K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.5M | $2.4M | $341K | $3K | — | View 990 |
| 2022 | $2.2M | $2.1M | $238K | $3K | — | View 990 |
| 2021 | $2.4M | $2.3M | $206K | $2K | — | View 990 |
| 2020 | $2.9M | $2.8M | $174K | $324 | — | — |
| 2019 | $1.4M | $1.4M | $65K | $1K | — | View 990 |
| 2018 | $1.4M | $1.4M | $54K | $1K | — | View 990 |
| 2017 | $808K | $812K | $30K | $1K | — | View 990 |
| 2016 | $692K | $675K | $34K | $1K | — | View 990 |
| 2015 | $802K | $801K | $18K | $1K | — | View 990 |
| 2014 | $782K | $782K | $16K | $834 | — | View 990 |
| 2013 | $753K | $747K | $16K | $877 | — | View 990 |
| 2012 | $677K | $675K | $9K | $778 | — | View 990 |
| 2011 | $645K | $646K | $8K | $2K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.5M, expenses of $2.4M, and assets of $341K (revenue +16.7% year-over-year).
- 2022: Revenue of $2.2M, expenses of $2.1M, and assets of $238K (revenue -8.0% year-over-year).
- 2021: Revenue of $2.4M, expenses of $2.3M, and assets of $206K (revenue -19.9% year-over-year).
- 2020: Revenue of $2.9M, expenses of $2.8M, and assets of $174K (revenue +115.1% year-over-year).
- 2019: Revenue of $1.4M, expenses of $1.4M, and assets of $65K (revenue -5.5% year-over-year).
- 2018: Revenue of $1.4M, expenses of $1.4M, and assets of $54K (revenue +78.8% year-over-year).
- 2017: Revenue of $808K, expenses of $812K, and assets of $30K (revenue +16.8% year-over-year).
- 2016: Revenue of $692K, expenses of $675K, and assets of $34K (revenue -13.8% year-over-year).
- 2015: Revenue of $802K, expenses of $801K, and assets of $18K (revenue +2.5% year-over-year).
- 2014: Revenue of $782K, expenses of $782K, and assets of $16K (revenue +3.9% year-over-year).
- 2013: Revenue of $753K, expenses of $747K, and assets of $16K (revenue +11.2% year-over-year).
- 2012: Revenue of $677K, expenses of $675K, and assets of $9K (revenue +4.9% year-over-year).
- 2011: Revenue of $645K, expenses of $646K, and assets of $8K.
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.