Starter Studio FL Inc

Analysis

Starter Studio FL Inc is a registered charity in United States, based in Orlando, FL. It received its IRS tax-exemption ruling in April 2016, 10 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 (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, Starter Studio FL Inc reported income of $602k and spending of $488k, spending 81% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $865k to $602k (-30%), an average of -8.7% a year. The sharpest change came in the year to December 2020, when income dropped by 34%. Over the whole period it spent 89% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Starter Studio FL Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 75th percentile within FL. Charities of a similar size with the same main cause include Thrive Santa Ana ($602k), Greater Ny Foundation ($602k) and Work Plus Incorporated ($602k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 93% and program service revenue 6.0% of the total. Compensation of current officers, directors and key employees was $130k (27% of expenses). Other salaries and wages came to $127k. At year end it held assets of $2.5m against liabilities of $681k, net assets of $1.8m. It reported 4 employees.