Five S T a R Veterans Center Inc

Analysis

Five S T a R Veterans Center Inc is a registered charity in United States, based in Jacksonville, FL. It received its IRS tax-exemption ruling in October 2012, 14 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 2023, Five S T a R Veterans Center Inc reported income of $1.5m and spending of $1.2m, leaving 20% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $910k to $1.5m (+66%), an average of +14% a year. The sharpest change came in the year to December 2023, when income rose by 70%. Over the whole period it spent 90% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Five S T a R Veterans Center Inc 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 83rd percentile, and in the 85th percentile within FL. Charities of a similar size with the same main cause include New Braunfels Community Resources Inc ($1.5m), Villa Regina ($1.5m) and Pine View Housing Corporation ($1.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 89% and program service revenue 11% of the total. Compensation of current officers, directors and key employees was $80k (6.6% of expenses). Other salaries and wages came to $353k. At year end it held assets of $1.9m against liabilities of $173k, net assets of $1.7m. It reported 13 employees.