Mayors Star Council

Analysis

Mayors Star Council is a registered charity in United States, based in Dallas, TX. It received its IRS tax-exemption ruling in August 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 (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, Mayors Star Council reported income of $164k and spending of $215k, spending 131% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income grew from $22k to $164k (+660%), an average of +176% a year. The sharpest change came in the year to December 2022, when income rose by 613%. Over the whole period it spent 112% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Mayors Star Council sits at the 47th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 53rd percentile within TX. Charities of a similar size with the same main cause include Willow Apartments Group Home Incorporated ($164k), Society of Quality Assurance Learning Foundation ($164k) and Northeast Oklahoma Regional Alliance Inc ($164k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 76% and program service revenue 24% of the total. At year end it held assets of $73k against liabilities of $502, net assets of $72k.