Star Kids Scholarship Program

Analysis

Star Kids Scholarship Program is a registered charity in United States, based in New Bedford, MA. It received its IRS tax-exemption ruling in March 2010, 16 years ago. Its declared purposes cover education, which this site groups under education and training. 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 Kids Scholarship Program reported income of $767k and spending of $699k, spending 91% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $406k to $767k (+89%), an average of +17% a year. The sharpest change came in the year to June 2023, when income rose by 30%. Over the whole period it spent 88% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Star Kids Scholarship Program sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 76th percentile within MA. Charities of a similar size with the same main cause include North Carolina Restaurant and Lodging Association Foundation Inc ($767k), Montessori School of Baton Rouge Inc ($767k) and Sea Change Incorporated ($767k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 96% of the total. Other salaries and wages came to $170k. At year end it held assets of $505k against liabilities of $6,734, net assets of $498k. It reported 4 employees.