Star Inc

Analysis

Star Inc is a registered charity in United States, based in Portsmouth, OH. It received its IRS tax-exemption ruling in November 1988, 38 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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 Inc reported income of $3.2m and spending of $3.1m, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.5m to $3.2m (+27%), an average of +6.1% a year. The sharpest change came in the year to December 2022, when income rose by 46%. Over the whole period it spent 88% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Star Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 89th percentile within OH. Charities of a similar size with the same main cause include Scott Key Center Inc ($3.2m), People Incorporated Financial Services ($3.2m) and Wood Lane Industries ($3.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.7% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $112k (3.7% of expenses). Other salaries and wages came to $1.8m. At year end it held assets of $3.7m against liabilities of $46k, net assets of $3.6m. It reported 99 employees.