Starc of Louisiana Inc

Analysis

Starc of Louisiana Inc is a registered charity in United States, based in Slidell, LA. It received its IRS tax-exemption ruling in October 1973, 53 years ago. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Starc of Louisiana Inc reported income of $9.0m and spending of $8.5m, spending 94% of its income. Across the 4 years on record, from June 2019 to June 2023, income grew from $8.4m to $9.0m (+7.3%), an average of +2.4% a year. The sharpest change came in the year to June 2023, when income rose by 20%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Starc of Louisiana Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within LA. Charities of a similar size with the same main cause include Sierra View Homes ($9.0m), Hopeworks ($9.0m) and Alt Finance Corporation ($9.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 27% and program service revenue 73% of the total. Compensation of current officers, directors and key employees was $265k (3.1% of expenses). Other salaries and wages came to $4.5m. At year end it held assets of $12.4m against liabilities of $4.2m, net assets of $8.2m. It reported 269 employees.