Star Sports Theatre Arts & Recreation Inc

Analysis

Star Sports Theatre Arts & Recreation Inc is a registered charity in United States, based in Culver City, CA. It received its IRS tax-exemption ruling in January 1995, 31 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Star Sports Theatre Arts & Recreation Inc reported income of $29.7m and spending of $28.2m, spending 95% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $29.7m to $29.7m (-0.1%), an average of +-0.0% a year. The sharpest change came in the year to June 2022, when income rose by 137%. Over the whole period it spent 98% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Star Sports Theatre Arts & Recreation Inc 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 98th percentile, and in the 98th percentile within CA. Charities of a similar size with the same main cause include Longwood University Real Estate Foundation ($29.6m), Michigan Family Resources ($29.7m) and Legacy Christian Academy ($29.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 2.9% and program service revenue 121% of the total. Compensation of current officers, directors and key employees was $691k (2.4% of expenses). Other salaries and wages came to $18.3m. At year end it held assets of $6.9m against liabilities of $3.7m, net assets of $3.1m.