Starfish Project Foundation

Analysis

Starfish Project Foundation is a registered charity in United States, based in Olathe, KS. It received its IRS tax-exemption ruling in February 2015, 11 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, Starfish Project Foundation reported income of $205k and spending of $221k, spending 108% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income grew from $131k to $205k (+56%), an average of +25% a year. The sharpest change came in the year to December 2022, when income rose by 220%. Over the whole period it spent 99% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Starfish Project Foundation sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 53rd percentile within KS. Charities of a similar size with the same main cause include Farmers Union Developmental Day Care Inc ($205k), Office for Aging Foundation of Mohawk Valley Inc ($205k) and Friends of International Institute of Milwaukee County Inc ($205k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 89% of the total. Compensation of current officers, directors and key employees was $6,984 (3.2% of expenses). Other salaries and wages came to $15k. At year end it held assets of $79k against liabilities of $26k, net assets of $53k. It reported 2 employees.