Star Center Inc

Analysis

Star Center Inc is a registered charity in United States, based in Jackson, TN. It received its IRS tax-exemption ruling in November 1988, 38 years ago. Its declared purposes cover employment, 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 June 2023, Star Center Inc reported income of $5.0m and spending of $4.0m, spending 81% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $4.3m to $5.0m (+17%), an average of +3.9% a year. The sharpest change came in the year to June 2023, when income rose by 34%. Over the whole period it spent 94% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Star Center Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 93rd percentile within TN. Charities of a similar size with the same main cause include National Digital Inclusion Alliance ($5.0m), Destination Medical Center Economic Development Agency ($5.0m) and Reserve Elder Service Inc ($5.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 50% and program service revenue 43% of the total. Compensation of current officers, directors and key employees was $90k (2.2% of expenses). Other salaries and wages came to $2.8m. At year end it held assets of $4.7m against liabilities of $247k, net assets of $4.4m. It reported 152 employees.