Starry Foundation

Analysis

Starry Foundation is a registered charity in United States, based in Scottsdale, AZ. It received its IRS tax-exemption ruling in January 2020, 6 years ago. Its declared purposes cover mental health and crisis intervention, which this site groups under health and saving lives. 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, Starry Foundation reported income of $666k and spending of $569k, spending 85% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $203k to $666k (+228%), an average of +49% a year. The sharpest change came in the year to December 2021, when income rose by 141%. Over the whole period it spent 75% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Starry Foundation sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 71st percentile within AZ. Charities of a similar size with the same main cause include Peoples Oakland Inc ($666k), Willow Oak Therapy Center Inc ($667k) and Charlotte City Market ($666k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.2% and program service revenue 1.9% of the total. Compensation of current officers, directors and key employees was $259k (46% of expenses). At year end it held assets of $457k against liabilities of $0, net assets of $457k.