Star Legacy Foundation

Analysis

Star Legacy Foundation is a registered charity in United States, based in Eden Prairie, MN. It received its IRS tax-exemption ruling in October 2009, 17 years ago. Its declared purposes cover medical research, 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, Star Legacy Foundation reported income of $855k and spending of $867k, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $801k to $855k (+6.8%), an average of +1.7% a year. The sharpest change came in the year to December 2023, when income rose by 48%. Over the whole period it spent 94% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Star Legacy Foundation sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 77th percentile within MN. Charities of a similar size with the same main cause include Greene County Medical Center Foundation ($855k), Public Health Institute of Oklahoma ($855k) and Whitetulip Health Foundation Inc ($855k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 47% and program service revenue 26% of the total. Other salaries and wages came to $389k. At year end it held assets of $1.2m against liabilities of $239k, net assets of $999k. It reported 8 employees.