Starboard Charitable Inc

Analysis

Starboard Charitable Inc is a registered charity in United States, based in Dewey Beach, DE. It received its IRS tax-exemption ruling in July 2014, 12 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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 Charitable Inc reported income of $366k and spending of $353k, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $176k to $366k (+109%), an average of +20% a year. The sharpest change came in the year to December 2021, when income rose by 169%. Over the whole period it spent 99% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Starboard Charitable Inc sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 60th percentile within DE. Charities of a similar size with the same main cause include Kings Partnership for Prevention ($366k), William Black Lodge ($366k) and Leadership Harrisburg Area ($366k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 110% of the total. At year end it held assets of $32k against liabilities of $0, net assets of $32k.