Starboard Foundation Inc

Analysis

Starboard Foundation Inc is a registered charity in United States, based in Fort Worth, TX. It received its IRS tax-exemption ruling in March 2015, 11 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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, Starboard Foundation Inc reported income of $217k and spending of $37k, leaving 83% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income fell from $763k to $217k (-72%), an average of -47% a year. The sharpest change came in the year to December 2022, when income dropped by 64%. Over the whole period it spent 3.1% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Starboard Foundation Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 59th percentile within TX. Charities of a similar size with the same main cause include Den of Lions Soccer Club Inc ($217k), Lilac City Lacrosse Club ($217k) and Victory Sports Club Inc ($217k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 76% of the total. At year end it held assets of $204k against liabilities of $0, net assets of $204k.