Family Star Inc

Analysis

Family Star Inc is a registered charity in United States, based in Denver, CO. It received its IRS tax-exemption ruling in October 1989, 37 years ago. Its declared purposes cover education, which this site groups under education and training. 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 November 2023, Family Star Inc reported income of $7.1m and spending of $7.6m, spending 108% of what it took in. Across the 5 years on record, from November 2019 to November 2023, income grew from $5.9m to $7.1m (+21%), an average of +4.8% a year. Over the whole period it spent 98% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Family Star Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 95th percentile within CO. Charities of a similar size with the same main cause include Foundation Academy Incorporated ($7.1m), The Newport Beach Library Foundation ($7.1m) and Education Freedom Alabama ($7.1m).

On its Form 990 for the period ending November 2023, revenue came from contributions and grants 86% and program service revenue 13% of the total. Compensation of current officers, directors and key employees was $181k (2.4% of expenses). Other salaries and wages came to $4.6m. At year end it held assets of $4.6m against liabilities of $781k, net assets of $3.8m. It reported 118 employees.