Starr of Hope

Analysis

Starr of Hope is a registered charity in United States, based in Rio Grande Cy, TX. It received its IRS tax-exemption ruling in November 2010, 16 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Starr of Hope reported income of $295k and spending of $261k, spending 88% of its income. Across the 6 years on record, from December 2018 to December 2023, income grew from $12k to $295k (+2415%), an average of +91% a year. The sharpest change came in the year to December 2021, when income rose by 388%. Over the whole period it spent 95% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Starr of Hope sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 66th percentile within TX. Charities of a similar size with the same main cause include Cleveland-Bradley Housing Corporation Inc ($295k), Mobility Works Inc ($295k) and Notre Dame Living Center II Inc ($295k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $183k. At year end it held assets of $731k against liabilities of $3,972, net assets of $727k. It reported 8 employees.