Star Foundation of Coastal Georgia Inc

Analysis

Star Foundation of Coastal Georgia Inc is a registered charity in United States, based in Brunswick, GA. It received its IRS tax-exemption ruling in October 1997, 29 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 Foundation of Coastal Georgia Inc reported income of $166k and spending of $194k, spending 117% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $133k to $166k (+25%), an average of +5.7% a year. The sharpest change came in the year to December 2020, when income rose by 36%. Over the whole period it spent 100% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Star Foundation of Coastal Georgia Inc sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 53rd percentile within GA. Charities of a similar size with the same main cause include Literacy Council of Southwestern Pa ($166k), Independence Main Street Inc ($166k) and Cause for Paws of NC Inc ($166k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 90% of the total. Compensation of current officers, directors and key employees was $60k (31% of expenses). At year end it held assets of $232k against liabilities of $4,068, net assets of $228k. It reported 2 employees.