Starfish Project Incorporated

Analysis

Starfish Project Incorporated is a registered charity in United States, based in Goshen, IN. It received its IRS tax-exemption ruling in May 2012, 14 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 December 2023, Starfish Project Incorporated reported income of $2.7m and spending of $2.7m, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.0m to $2.7m (+163%), an average of +27% a year. The sharpest change came in the year to December 2020, when income rose by 123%. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Starfish Project Incorporated sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 89th percentile within IN. Charities of a similar size with the same main cause include Good News Mountaineer Garage ($2.7m), Good Work Institute Inc ($2.7m) and Alliance of Coalitions for Healthy Communities ($2.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 36% of the total. Compensation of current officers, directors and key employees was $109k (4.1% of expenses). Other salaries and wages came to $345k. At year end it held assets of $861k against liabilities of $32k, net assets of $829k. It reported 14 employees.