Startedup Foundation Inc

Analysis

Startedup Foundation Inc is a registered charity in United States, based in Noblesville, IN. It received its IRS tax-exemption ruling in March 2019, 7 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Startedup Foundation Inc reported income of $2.0m and spending of $1.8m, spending 90% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $286k to $2.0m (+594%), an average of +62% a year. The sharpest change came in the year to December 2020, when income rose by 98%. Over the whole period it spent 92% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Startedup Foundation Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 87th percentile within IN. Charities of a similar size with the same main cause include Muslim American Society of Sacramento Region ($2.0m), New York Zen Center Forcontemplative Care ($2.0m) and Children Inc ($2.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 13% and program service revenue 87% of the total. Compensation of current officers, directors and key employees was $239k (13% of expenses). Other salaries and wages came to $340k. At year end it held assets of $424k against liabilities of $12k, net assets of $412k. It reported 8 employees.