Startx

Analysis

Startx is a registered charity in United States, based in Palo Alto, CA. It received its IRS tax-exemption ruling in June 2013, 13 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Startx reported income of $1.8m and spending of $2.3m, spending 128% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $3.1m to $1.8m (-42%), an average of -13% a year. The sharpest change came in the year to December 2021, when income rose by 740%. Over the whole period it spent 78% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Startx sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 86th percentile within CA. Charities of a similar size with the same main cause include Icw Vocational Services Inc ($1.8m), Western Colorado Business Development Corp ($1.8m) and Texas Business Hall of Fame Foundation ($1.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 85% and program service revenue 14% of the total. Compensation of current officers, directors and key employees was $459k (20% of expenses). Other salaries and wages came to $218k. At year end it held assets of $9.0m against liabilities of $369k, net assets of $8.6m. It reported 11 employees.