Five Star Industries Inc

Analysis

Five Star Industries Inc is a registered charity in United States, based in Du Quoin, IL. It received its IRS tax-exemption ruling in April 1976, 50 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 June 2024, Five Star Industries Inc reported income of $5.5m and spending of $5.5m, spending 99% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $3.6m to $5.5m (+53%), an average of +8.9% a year. The sharpest change came in the year to June 2020, when income rose by 69%. Over the whole period it spent 86% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Five Star Industries Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 92nd percentile within IL. Charities of a similar size with the same main cause include Hunger Free Colorado ($5.5m), Childrens Home Inc ($5.5m) and Austin Groups for the Elderly ($5.5m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 86% and program service revenue 13% of the total. Other salaries and wages came to $3.3m. At year end it held assets of $6.6m against liabilities of $396k, net assets of $6.2m. It reported 111 employees.