Guiding Star Project

Analysis

Guiding Star Project is a registered charity in United States, based in Waterloo, IA. It received its IRS tax-exemption ruling in April 2015, 11 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, Guiding Star Project reported income of $211k and spending of $246k, spending 117% of what it took in. Across the 4 years on record, from June 2021 to June 2024, income grew from $197k to $211k (+7.4%), an average of +2.4% a year. The sharpest change came in the year to June 2023, when income rose by 25%. Over the whole period it spent 99% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Guiding Star Project sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 56th percentile within IA. Charities of a similar size with the same main cause include McCall Consulting & Associates Inc ($211k), Womens Aux of the Jewish Home for the Eldry of Fairfield Cnty Inc ($211k) and Foster City Village Inc ($211k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 97% and program service revenue 9.0% of the total. Compensation of current officers, directors and key employees was $53k (22% of expenses). Other salaries and wages came to $133k. At year end it held assets of $83k against liabilities of $4,531, net assets of $78k. It reported 10 employees.