Starlet Academy a NJ Nonprofit Corporation

Analysis

Starlet Academy a NJ Nonprofit Corporation is a registered charity in United States, based in Paterson, NJ. It received its IRS tax-exemption ruling in December 2017, 9 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, Starlet Academy a NJ Nonprofit Corporation reported income of $552k and spending of $547k, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $328k to $552k (+68%), an average of +14% a year. The sharpest change came in the year to December 2021, when income rose by 37%. Over the whole period it spent 96% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Starlet Academy a NJ Nonprofit Corporation sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 76th percentile within NJ. Charities of a similar size with the same main cause include Verdun Adventure Bound Inc ($552k), Harvest 61 Ministries Inc ($553k) and Workshop Houston ($552k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 97% of the total. Other salaries and wages came to $315k. At year end it held assets of $221k against liabilities of $241k, net assets of -$20k. It reported 10 employees.