Startwheel Corp

Analysis

Startwheel Corp is a registered charity in United States, based in Virginia BCH, VA. It received its IRS tax-exemption ruling in August 2015, 11 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, Startwheel Corp reported income of $130k and spending of $38k, leaving 70% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $65k to $130k (+100%), an average of +100% a year. The sharpest change came in the year to December 2023, when income rose by 100%. Over the whole period it spent 68% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Startwheel Corp sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 43rd percentile within VA. Charities of a similar size with the same main cause include Consider the Lilies Thrift Shop Inc ($130k), Oakland Renaissance NMTC ($130k) and Morningside Area Alliance Inc ($130k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 97% and program service revenue 1.9% of the total. At year end it held assets of $96k against liabilities of $48k, net assets of $48k.