Five Star Life

Analysis

Five Star Life is a registered charity in United States, based in Elkhart, IN. It received its IRS tax-exemption ruling in August 2014, 12 years ago. Its declared purposes cover youth development, which this site groups under children and youth 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, Five Star Life reported income of $1.3m and spending of $1.3m, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $653k to $1.3m (+95%), an average of +18% a year. The sharpest change came in the year to December 2021, when income rose by 49%. Over the whole period it spent 94% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Five Star Life sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 82nd percentile within IN. Charities of a similar size with the same main cause include Project Pneuma Inc ($1.3m), Snoqualmie Valley Youth Soccer Association ($1.3m) and Team Walker Inc ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 44% and program service revenue 47% of the total. Compensation of current officers, directors and key employees was $79k (6.0% of expenses). Other salaries and wages came to $471k. At year end it held assets of $377k against liabilities of $0, net assets of $377k. It reported 40 employees.