Starbase Inc

Analysis

Starbase Inc is a registered charity in United States, based in Selfridge Angb, MI. It received its IRS tax-exemption ruling in April 1994, 32 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Starbase Inc reported income of $1.7m and spending of $1.7m, spending 102% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $1.3m to $1.7m (+29%), an average of +6.6% a year. The sharpest change came in the year to September 2022, when income rose by 33%. Over the whole period it spent 115% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Starbase 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 85th percentile, and in the 85th percentile within MI. Charities of a similar size with the same main cause include Akoma Unity Center ($1.7m), Didtechnology Inc ($1.7m) and Building Audacity ($1.7m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 0.2% and program service revenue 100% of the total. Compensation of current officers, directors and key employees was $291k (17% of expenses). Other salaries and wages came to $694k. At year end it held assets of $1.4m against liabilities of $121k, net assets of $1.3m. It reported 29 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.