Starability Foundation Inc

Analysis

Starability Foundation Inc is a registered charity in United States, based in Naples, FL. It received its IRS tax-exemption ruling in August 1986, 40 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Starability Foundation Inc reported income of $3.6m and spending of $2.8m, leaving 22% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.2m to $3.6m (+207%), an average of +32% a year. The sharpest change came in the year to June 2022, when income rose by 78%. Over the whole period it spent 69% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Starability Foundation Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within FL. Charities of a similar size with the same main cause include Seattle International Foundation ($3.6m), Water First International ($3.6m) and Catholic Charities Diocese of Tyler ($3.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 79% and program service revenue 7.2% of the total. Other salaries and wages came to $1.3m. At year end it held assets of $6.2m against liabilities of $597k, net assets of $5.6m. It reported 42 employees.