Starlight Childrens Foundation

Analysis

Starlight Childrens Foundation is a registered charity in United States, based in Culver City, CA. It received its IRS tax-exemption ruling in September 1987, 39 years ago. 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 2022, Starlight Childrens Foundation reported income of $16.3m and spending of $12.8m, leaving 22% of income unspent that year. Across the 5 years on record, from December 2018 to December 2022, income fell from $17.2m to $16.3m (-5.4%), an average of -1.4% a year. The sharpest change came in the year to December 2022, when income rose by 33%. Over the whole period it spent 84% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Starlight Childrens Foundation sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within CA. Charities of a similar size with the same main cause include American Civil Liberties Union Foundation of Northern California ($16.3m), Council of Independent Colleges ($16.3m) and Society of St Vincent de Paul Archdiocese of Galveston-Houston ($16.3m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 96% of the total. Compensation of current officers, directors and key employees was $554k (4.3% of expenses). Other salaries and wages came to $2.1m. At year end it held assets of $18.8m against liabilities of $573k, net assets of $18.3m. It reported 30 employees.