Nine Star Enterprises Inc

Analysis

Nine Star Enterprises Inc is a registered charity in United States, based in Anchorage, AK. It received its IRS tax-exemption ruling in May 1980, 46 years ago. Its declared purposes cover employment, 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 June 2023, Nine Star Enterprises Inc reported income of $7.0m and spending of $7.3m, spending 105% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $6.9m to $7.0m (+0.6%), an average of +0.2% a year. Over the whole period it spent 96% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Nine Star Enterprises Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 94th percentile within AK. Charities of a similar size with the same main cause include Project Management Institute Educational Foundation ($7.0m), Lowcountry Community Action Agency 807 Hampton ($7.0m) and National Center for Housing Management Inc ($7.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $341k (4.7% of expenses). Other salaries and wages came to $3.9m. At year end it held assets of $5.0m against liabilities of $840k, net assets of $4.1m. It reported 274 employees.