Starfish Foundation

Analysis

Starfish Foundation is a registered charity in United States, based in Wichita Falls, TX. It received its IRS tax-exemption ruling in August 2007, 19 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Starfish Foundation reported income of $1.3m and spending of $1.0m, leaving 22% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $802k to $1.3m (+62%), an average of +13% a year. The sharpest change came in the year to December 2021, when income rose by 72%. Over the whole period it spent 79% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Starfish Foundation sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 86th percentile within TX. Charities of a similar size with the same main cause include Saint John Baptist Church Inc ($1.3m), Ccic ($1.3m) and Teleios Ministry ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 47% of the total. At year end it held assets of $4.0m against liabilities of $0, net assets of $4.0m.