Guiding Star Wakota

Analysis

Guiding Star Wakota is a registered charity in United States, based in West St Paul, MN. It received its IRS tax-exemption ruling in February 1977, 49 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Guiding Star Wakota reported income of $1.1m and spending of $997k, spending 93% of its income. Across the 4 years on record, from December 2019 to December 2023, income fell from $1.2m to $1.1m (-13%), an average of -4.5% a year. The sharpest change came in the year to December 2020, when income rose by 66%. Over the whole period it spent 48% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Guiding Star Wakota sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 79th percentile within MN. Charities of a similar size with the same main cause include Foothills Food Bank ($1.1m), Intercultural Children & Family Services ($1.1m) and United Churches of Elizabethtown ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 106% and program service revenue 0.1% of the total. Compensation of current officers, directors and key employees was $52k (5.2% of expenses). Other salaries and wages came to $373k. At year end it held assets of $4.0m against liabilities of $230k, net assets of $3.7m. It reported 16 employees.