Star Inc Lighting the Way

Analysis

Star Inc Lighting the Way is a registered charity in United States, based in Norwalk, CT. It received its IRS tax-exemption ruling in May 1954, 72 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 Inc Lighting the Way reported income of $16.0m and spending of $16.4m, spending 103% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $14.0m to $16.0m (+14%), an average of +3.4% a year. The sharpest change came in the year to June 2022, when income dropped by 19%. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Star Inc Lighting the Way sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within CT. Charities of a similar size with the same main cause include Buffalo Urban League Inc ($15.9m), Action for Children ($16.0m) and Communuity Action Inc of Central Texas ($15.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 4.0% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $358k (2.2% of expenses). Other salaries and wages came to $8.5m. At year end it held assets of $10.5m against liabilities of $4.0m, net assets of $6.5m. It reported 248 employees.