Five Star Development Corp

Analysis

Five Star Development Corp is a registered charity in United States, based in Mobile, AL. It received its IRS tax-exemption ruling in April 1997, 29 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 2024, Five Star Development Corp reported income of $97k and spending of $155k, spending 160% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $95k to $97k (+1.8%), an average of +0.4% a year. Over the whole period it spent 150% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Five Star Development Corp sits at the 22nd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 35th percentile within AL. Charities of a similar size with the same main cause include River Haven Homeless Shelter Inc ($97k), Danville Venture Villa Inc ($97k) and Home of My Own of Wny Inc ($97k).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 99% of the total. Other salaries and wages came to $17k. At year end it held assets of $655k against liabilities of $100k, net assets of $556k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.