Starkey Incorporated

Analysis

Starkey Incorporated is a registered charity in United States, based in Wichita, KS. It received its IRS tax-exemption ruling in September 1957, 69 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 June 2023, Starkey Incorporated reported income of $32.6m and spending of $25.8m, leaving 21% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $21.3m to $32.6m (+53%), an average of +11% a year. The sharpest change came in the year to June 2023, when income rose by 57%. Over the whole period it spent 91% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Starkey Incorporated sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within KS. Charities of a similar size with the same main cause include Lutheran Services in Iowa Inc ($32.5m), Under 21 ($32.6m) and Families Together of Orange County ($32.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 3.4% and program service revenue 76% of the total. Compensation of current officers, directors and key employees was $410k (1.6% of expenses). Other salaries and wages came to $16.6m. At year end it held assets of $32.4m against liabilities of $2.3m, net assets of $30.1m. It reported 569 employees.