Iraq Star Inc

Analysis

Iraq Star Inc is a registered charity in United States, based in Marina DL Rey, CA. It received its IRS tax-exemption ruling in June 2007, 19 years ago. Its declared purposes cover diseases, disorders and medical disciplines, which this site groups under health and saving lives. 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 December 2023, Iraq Star Inc reported income of $232k and spending of $181k, leaving 22% of income unspent that year. Across the 3 years on record, from December 2019 to December 2023, income grew from $134k to $232k (+73%), an average of +32% a year. The sharpest change came in the year to December 2023, when income rose by 1443%. Over the whole period it spent 137% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Iraq Star Inc sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 59th percentile within CA. Charities of a similar size with the same main cause include Pratt Health Foundation ($232k), Paks Developmental Services Inc ($232k) and Association of Educational Therapists ($232k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $108k (60% of expenses). At year end it held assets of $234k against liabilities of $0, net assets of $234k.