Guiding Star Project

Analysis

Guiding Star Project is a registered charity in United States, based in Ironton, MN. It received its IRS tax-exemption ruling in April 2015, 11 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 2023, Guiding Star Project reported income of $325k and spending of $417k, spending 128% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $222k to $325k (+46%), an average of +10% a year. The sharpest change came in the year to June 2021, when income rose by 89%. Over the whole period it spent 95% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Guiding Star Project sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 62nd percentile within MN. Charities of a similar size with the same main cause include Bridge of Storm Lake ($325k), Stepping Stone Care LLC ($325k) and Friends of Raymond James Inc ($325k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $75k (18% of expenses). Other salaries and wages came to $90k. At year end it held assets of $137k against liabilities of $35k, net assets of $102k. It reported 10 employees.