Startupsac

Analysis

Startupsac is a registered charity in United States, based in Sacramento, CA. It received its IRS tax-exemption ruling in April 2018, 8 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 December 2023, Startupsac reported income of $90k and spending of $70k, leaving 22% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $92k to $90k (-1.6%), an average of -1.6% a year. Over the whole period it spent 84% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Startupsac sits at the 33rd percentile: it is larger than about 33% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 36th percentile within CA. Charities of a similar size with the same main cause include 1000 Dollar Start-Ups Consortium ($90k), Energy Florida Inc ($90k) and Snitch Network Corporation ($90k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 98% and program service revenue 2.3% of the total. At year end it held assets of $43k against liabilities of $19k, net assets of $24k.