Colbys Stars Foundation Inc

Analysis

Colbys Stars Foundation Inc is a registered charity in United States, based in Waynesburg, PA. It received its IRS tax-exemption ruling in February 2022, 4 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Colbys Stars Foundation Inc reported income of $96k and spending of $76k, leaving 21% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $88k to $96k (+8.3%), an average of +8.3% a year. Over the whole period it spent 59% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Colbys Stars Foundation Inc sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 34th percentile within PA. Charities of a similar size with the same main cause include Red Wagon ($96k), Family Summit Foundation ($96k) and Connecticut Partnership for Children Inc ($96k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $186k against liabilities of $0, net assets of $186k.