Startupstark

Analysis

Startupstark is a registered charity in United States, based in Canton, OH. It received its IRS tax-exemption ruling in February 2020, 6 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2021, Startupstark reported income of $201k and spending of $194k, spending 97% of its income. Across the 2 years on record, from December 2020 to December 2021, income fell from $434k to $201k (-54%), an average of -54% a year. The sharpest change came in the year to December 2021, when income dropped by 54%. Over the whole period it spent 81% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Startupstark sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 54th percentile within OH. Charities of a similar size with the same main cause include New Consensus ($201k), Loiter ($201k) and Cleveland Rotary Foundation ($200k).

On its Form 990 for the period ending December 2021, revenue came from contributions and grants 23% and program service revenue 69% of the total. Compensation of current officers, directors and key employees was $11k (5.7% of expenses). Other salaries and wages came to $67k. At year end it held assets of $170k against liabilities of $30k, net assets of $140k. It reported 3 employees.