Starlight Enterprises Inc

Analysis

Starlight Enterprises Inc is a registered charity in United States, based in New Phila, OH. It received its IRS tax-exemption ruling in May 1969, 57 years ago. Its declared purposes cover employment, which this site groups under community and economic development. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Starlight Enterprises Inc reported income of $2.0m and spending of $1.9m, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.8m to $2.0m (+12%), an average of +2.9% a year. Over the whole period it spent 90% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Starlight Enterprises Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 86th percentile within OH. Charities of a similar size with the same main cause include Coshocton Foundation ($2.0m), Greater Fargo Moorhead Economic Development Corporation ($2.0m) and Catapult Design ($2.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 8.2% and program service revenue 89% of the total. Other salaries and wages came to $1.4m. At year end it held assets of $3.1m against liabilities of $97k, net assets of $3.0m. It reported 128 employees.