First Star Inc

Analysis

First Star Inc is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in August 2000, 26 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, First Star Inc reported income of $1.5m and spending of $1.4m, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.3m to $1.5m (-37%), an average of -11% a year. The sharpest change came in the year to December 2022, when income dropped by 32%. Over the whole period it spent 96% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, First Star Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 84th percentile within CA. Charities of a similar size with the same main cause include Polk Adolescent Day Treatment Center Inc ($1.5m), Association of Community Living Agencies in Mental Health ($1.5m) and Gulf Coast Veterans Advocacy Council Inc ($1.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $310k (23% of expenses). Other salaries and wages came to $407k. At year end it held assets of $1.7m against liabilities of $1,648, net assets of $1.7m. It reported 11 employees.