K Star Inc

Analysis

K Star Inc is a registered charity in United States, based in Kerrville, TX. It received its IRS tax-exemption ruling in April 1993, 33 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 August 2023, K Star Inc reported income of $1.6m and spending of $1.8m, spending 110% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income grew from $1.6m to $1.6m (+0.9%), an average of +0.2% a year. The sharpest change came in the year to August 2021, when income dropped by 30%. Over the whole period it spent 109% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, K Star Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 88th percentile within TX. Charities of a similar size with the same main cause include Livingston Food Pantry of Park County ($1.6m), Tbi Residential Services Inc ($1.6m) and Walking Shield Inc ($1.6m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $82k (4.6% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $1.0m against liabilities of $84k, net assets of $946k. It reported 49 employees.

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.