South Shore Stars Inc

Analysis

South Shore Stars Inc is a registered charity in United States, based in Weymouth, MA. It received its IRS tax-exemption ruling in March 1994, 32 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, South Shore Stars Inc reported income of $14.9m and spending of $11.2m, leaving 24% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $8.8m to $14.9m (+69%), an average of +14% a year. The sharpest change came in the year to June 2023, when income rose by 30%. Over the whole period it spent 90% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, South Shore Stars Inc 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 95th percentile within MA. Charities of a similar size with the same main cause include New York Womens Foundation ($14.9m), Lorain County Community Action Agency Inc ($14.9m) and Western Massachusetts Training Consortium Inc ($14.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 94% and program service revenue 5.3% of the total. Compensation of current officers, directors and key employees was $386k (3.4% of expenses). Other salaries and wages came to $6.0m. At year end it held assets of $12.9m against liabilities of $5.8m, net assets of $7.2m. It reported 198 employees.