Start Corporation

Analysis

Start Corporation is a registered charity in United States, based in Houma, LA. It received its IRS tax-exemption ruling in May 1999, 27 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Start Corporation reported income of $49.6m and spending of $44.7m, spending 90% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $27.5m to $49.6m (+80%), an average of +16% a year. The sharpest change came in the year to June 2023, when income rose by 36%. Over the whole period it spent 95% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Start Corporation sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within LA. Charities of a similar size with the same main cause include Aizer Health Inc ($49.5m), Tfi Family Services Inc ($49.7m) and YMCA of Memphis & the Mid-South ($49.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 56% and program service revenue 43% of the total. Compensation of current officers, directors and key employees was $2.4m (5.4% of expenses). Other salaries and wages came to $18.4m. At year end it held assets of $23.5m against liabilities of $8.3m, net assets of $15.3m. It reported 598 employees.