Star of the Sea Inc

Analysis

Star of the Sea Inc is a registered charity in United States, based in Hammond, LA. It received its IRS tax-exemption ruling in October 2000, 26 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 December 2023, Star of the Sea Inc reported income of $110k and spending of $115k, spending 104% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $100k to $110k (+10%), an average of +2.5% a year. The sharpest change came in the year to December 2022, when income rose by 16%. Over the whole period it spent 93% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Star of the Sea Inc sits at the 47th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 38th percentile within LA. Charities of a similar size with the same main cause include Accesstruth ($110k), Gods Glory Ministries ($110k) and Prayer in the Barn Inc ($110k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% of the total. At year end it held assets of $371k against liabilities of $28k, net assets of $342k.