Orphaned Starfish Foundation Inc

Analysis

Orphaned Starfish Foundation Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in October 2001, 25 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 2022, Orphaned Starfish Foundation Inc reported income of $1.4m and spending of $1.3m, spending 92% of its income. Across the 4 years on record, from December 2019 to December 2022, income fell from $1.8m to $1.4m (-21%), an average of -7.7% a year. The sharpest change came in the year to December 2020, when income dropped by 28%. Over the whole period it spent 87% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Orphaned Starfish Foundation 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 79th percentile within NY. Charities of a similar size with the same main cause include Clayton Dabney Foundation for Kids with Cancer ($1.4m), Mayfield Graves County YMCA Inc ($1.4m) and Winter Park Day Nursery Inc ($1.4m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 115% of the total. Compensation of current officers, directors and key employees was $246k (19% of expenses). It paid $5,271 in professional fundraising fees. At year end it held assets of $3.0m against liabilities of $73k, net assets of $3.0m. It reported 1 employees.