Star Sponsorship Program Inc

Analysis

Star Sponsorship Program Inc is a registered charity in United States, based in Fort Worth, TX. It received its IRS tax-exemption ruling in March 1994, 32 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2024, Star Sponsorship Program Inc reported income of $405k and spending of $442k, spending 109% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $369k to $405k (+9.7%), an average of +2.3% a year. The sharpest change came in the year to June 2024, when income dropped by 25%. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Star Sponsorship Program Inc sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 71st percentile within TX. Charities of a similar size with the same main cause include Boston Preservation Alliance Inc ($405k), American Association for Adult and Continuing Education Aaace ($405k) and Public Schools First NC Inc ($405k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 44% and program service revenue 54% of the total. Compensation of current officers, directors and key employees was $71k (16% of expenses). Other salaries and wages came to $35k. At year end it held assets of $196k against liabilities of $4,587, net assets of $192k. It reported 9 employees.