Star Kids Scholarship Program

Analysis

Star Kids Scholarship Program is a registered charity in United States, based in Middletown, RI. It received its IRS tax-exemption ruling in March 2010, 16 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Star Kids Scholarship Program reported income of $1.3m and spending of $1.0m, leaving 21% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $634k to $1.3m (+100%), an average of +19% a year. The sharpest change came in the year to June 2022, when income rose by 79%. Over the whole period it spent 80% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Star Kids Scholarship Program sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 78th percentile within RI. Charities of a similar size with the same main cause include Beacon Community Connections Inc ($1.3m), Community Enhancement Collaboration Inc ($1.3m) and Highlands Christian School ($1.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $90k (9.0% of expenses). Other salaries and wages came to $89k. It paid $12k in professional fundraising fees. At year end it held assets of $1.9m against liabilities of $53k, net assets of $1.9m. It reported 5 employees.