Starfish Inc

Analysis

Starfish Inc is a registered charity in United States, based in Indianapolis, IN. It received its IRS tax-exemption ruling in May 2004, 22 years ago. Its declared purposes cover youth development, which this site groups under children and youth 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 June 2023, Starfish Inc reported income of $1.1m and spending of $782k, leaving 31% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $998k to $1.1m (+14%), an average of +3.3% a year. The sharpest change came in the year to June 2023, when income rose by 43%. Over the whole period it spent 92% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Starfish Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 81st percentile within IN. Charities of a similar size with the same main cause include Navy Youth Hockey Association Inc ($1.1m), New Breed of Youth Mentoring Program Inc ($1.1m) and Darien Youth Soccer Association Inc ($1.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $100k (13% of expenses). Other salaries and wages came to $289k. It paid $62k in professional fundraising fees. At year end it held assets of $1.0m against liabilities of $318k, net assets of $711k. It reported 7 employees.