Starfire Sports a Nonprofit Corporation

Analysis

Starfire Sports a Nonprofit Corporation is a registered charity in United States, based in Tukwila, WA. It received its IRS tax-exemption ruling in December 2003, 23 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Starfire Sports a Nonprofit Corporation reported income of $6.8m and spending of $6.2m, spending 91% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $5.8m to $6.8m (+16%), an average of +3.8% a year. The sharpest change came in the year to December 2021, when income rose by 220%. Over the whole period it spent 90% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Starfire Sports a Nonprofit Corporation sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 95th percentile within WA. Charities of a similar size with the same main cause include Players Development Academy Corp ($6.8m), Variety the Childrens Charity of the Delaware Valley ($6.8m) and Jewish Community Center of Atlantic County ($6.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 7.4% and program service revenue 71% of the total. Compensation of current officers, directors and key employees was $444k (7.2% of expenses). Other salaries and wages came to $1.9m. At year end it held assets of $3.8m against liabilities of $1.8m, net assets of $2.0m. It reported 98 employees.