Saiph Stars Foundation Inc

Analysis

Saiph Stars Foundation Inc is a registered charity in United States, based in New City, NY. It received its IRS tax-exemption ruling in October 2023, 3 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, Saiph Stars Foundation Inc reported income of $147k and spending of $152k, spending 103% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $27k to $147k (+441%), an average of +441% a year. The sharpest change came in the year to December 2023, when income rose by 441%. Over the whole period it spent 94% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Saiph Stars Foundation Inc sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 45th percentile within NY. Charities of a similar size with the same main cause include Salmon Senior Citizens Nutrition ($147k), Hands for Vietnam ($147k) and The American Family Therapy Association ($147k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $98k. At year end it held assets of $9,661 against liabilities of $0, net assets of $9,661. It reported 2 employees.