Star Telegram Charities Inc

Analysis

Star Telegram Charities Inc is a registered charity in United States, based in Fort Worth, TX. It received its IRS tax-exemption ruling in October 1953, 73 years ago. 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 Telegram Charities Inc reported income of $855k and spending of $458k, leaving 46% of income unspent that year. Across the 4 years on record, from June 2020 to June 2024, income grew from $848k to $855k (+0.7%), an average of +0.2% a year. The sharpest change came in the year to June 2023, when income dropped by 19%. Over the whole period it spent 71% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Star Telegram Charities Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 82nd percentile within TX. Charities of a similar size with the same main cause include Lynchburg Covenant Fellowship Inc ($854k), Preach Evangelistic Ministries Inc ($855k) and Boots for Troops ($854k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $32k (7.0% of expenses). Other salaries and wages came to $9,888. At year end it held assets of $2.2m against liabilities of $0, net assets of $2.2m. It reported 5 employees.