Starting Over Enterprises Inc

Analysis

Starting Over Enterprises Inc is a registered charity in United States, based in Pompano Beach, FL. It received its IRS tax-exemption ruling in February 1996, 30 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, Starting Over Enterprises Inc reported income of $640k and spending of $788k, spending 123% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $541k to $640k (+18%), an average of +4.3% a year. The sharpest change came in the year to June 2021, when income rose by 53%. 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, Starting Over Enterprises Inc sits at the 69th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 76th percentile within FL. Charities of a similar size with the same main cause include Lake Mills Family Center ($640k), Helping Hands Alaska ($640k) and Renew the Hope Inc ($640k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 6.9% and program service revenue 93% of the total. At year end it held assets of $1.7m against liabilities of $1.3m, net assets of $380k.