Star C Corporation

Analysis

Star C Corporation is a registered charity in United States, based in Marietta, GA. It received its IRS tax-exemption ruling in July 2014, 12 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 June 2023, Star C Corporation reported income of $1.5m and spending of $664k, leaving 57% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $293k to $1.5m (+427%), an average of +52% a year. The sharpest change came in the year to June 2021, when income rose by 938%. Over the whole period it spent 91% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Star C Corporation sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 87th percentile within GA. Charities of a similar size with the same main cause include Martin Luther King Sr Community Resources Collaborative ($1.5m), Lime Connect Inc ($1.5m) and Alfred Technology Resources Inc ($1.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 88% and program service revenue 12% of the total. Other salaries and wages came to $338k. At year end it held assets of $1.5m against liabilities of $103k, net assets of $1.4m. It reported 6 employees.