Starry Inc

Analysis

Starry Inc is a registered charity in United States, based in Georgetown, TX. It received its IRS tax-exemption ruling in May 2002, 24 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic 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 August 2023, Starry Inc reported income of $6.1m and spending of $5.6m, spending 91% of its income. Across the 5 years on record, from December 2019 to August 2023, income grew from $5.5m to $6.1m (+12%), an average of +3.0% a year. The sharpest change came in the year to August 2022, when income rose by 68%. Over the whole period it spent 105% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Starry 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 93rd percentile, and in the 95th percentile within TX. Charities of a similar size with the same main cause include Specialized Training for Adult Rehabilitation Inc ($6.1m), Seattle Jobs Initiative ($6.2m) and Operating Engineers Local 513 Journeymen & Appren Training Fund ($6.1m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 98% and program service revenue 1.4% of the total. Compensation of current officers, directors and key employees was $334k (6.0% of expenses). Other salaries and wages came to $3.0m. At year end it held assets of $2.6m against liabilities of $710k, net assets of $1.9m. It reported 103 employees.