Starting Arts Inc

Analysis

Starting Arts Inc is a registered charity in United States, based in San Jose, CA. It received its IRS tax-exemption ruling in March 2004, 22 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Starting Arts Inc reported income of $2.3m and spending of $2.4m, spending 104% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $3.1m to $2.3m (-24%), an average of -6.6% a year. The sharpest change came in the year to June 2022, when income rose by 114%. Over the whole period it spent 92% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Starting Arts Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 88th percentile within CA. Charities of a similar size with the same main cause include Harlan County Boys & Girls Club Inc ($2.3m), Chocolate Mint Foundation ($2.3m) and Holistic Life Foundation Inc ($2.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 12% and program service revenue 87% of the total. Compensation of current officers, directors and key employees was $119k (4.9% of expenses). Other salaries and wages came to $796k. At year end it held assets of $1.5m against liabilities of $487k, net assets of $1.0m. It reported 16 employees.