Stargate Foundation

Analysis

Stargate Foundation is a registered charity in United States, based in Thornton, CO. It received its IRS tax-exemption ruling in April 2004, 22 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Stargate Foundation reported income of $2.5m and spending of $2.5m, spending 101% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.2m to $2.5m (+11%), an average of +2.6% a year. The sharpest change came in the year to June 2020, when income rose by 16%. Over the whole period it spent 113% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Stargate Foundation sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 88th percentile within CO. Charities of a similar size with the same main cause include Granville Christian Academy Inc ($2.5m), Grace Christian School Corporation ($2.5m) and TSBS Inc ($2.5m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 96% of the total. At year end it held assets of $39.6m against liabilities of $40.2m, net assets of -$573k.

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.