Star Water Company
EIN: 646029013 · Star, MS
| Metric | Value |
|---|---|
| Total Revenue | $231K |
| Total Expenses | $240K |
| Net Assets | $93K |
Is Star Water Company Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Star Water Company
Star Water Company (EIN: 646029013) is a nonprofit organization based in Star, MS. The organization reported total revenue of $231K and total assets of $576K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Star Water Company's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Star Water Company is a small nonprofit that has been operating for 59 years, with 14 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of 5.2%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $219K |
| Total Expenses | $240K |
| Surplus / Deficit | $-20,543 |
| Total Assets | $680K |
| Total Liabilities | $586K |
| Net Assets | $93K |
| Operating Margin | -9.4% |
| Debt-to-Asset Ratio | 86.3% |
| Months of Reserves | 34.0 months |
Financial Health Grade: C
In 2024, Star Water Company reported a deficit of $21K with expenses exceeding revenue, holds 34.0 months of operating reserves (strong position), has a debt-to-asset ratio of 86.3% (high leverage).
Financial Trends
Over 14 years of filings (2011–2024), Star Water Company's revenue has grown at a compound annual growth rate (CAGR) of 5.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +11.9% | +6.6% | -7.8% |
| 2023 | +2.8% | +4.3% | -8.1% |
| 2022 | +1.2% | +7.2% | -7.0% |
| 2021 | +14.9% | +0.8% | -5.2% |
| 2020 | +10.8% | +3.1% | -7.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 4000 |
| IRS Ruling Date | 1967 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Star Water Company has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Star Water Company with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $21K, with expenses exceeding revenue.
- Debt-to-asset ratio: 86.3%.
Frequently Asked Questions about Star Water Company
Is Star Water Company a legitimate charity?
Star Water Company (EIN: 646029013) is a registered tax-exempt nonprofit based in Mississippi. It has 14 years of IRS 990 filings on record. Total revenue: $231K. No red flags identified. Financial health grade: C.
How does Star Water Company spend its money?
Star Water Company reported $231K in total revenue in IRS 990 filings. 14 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Star Water Company tax-deductible?
Star Water Company is registered as a tax-exempt nonprofit (EIN: 646029013). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Star Water Company located?
Star Water Company is headquartered in Star, Mississippi and files with the IRS under EIN 646029013.
How many years of IRS 990 filings does Star Water Company have?
Star Water Company has 14 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $231K in total revenue.
Filing History
IRS 990 filing history for Star Water Company showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2024), Star Water Company's revenue has grown by 93.6%, moving from $113K to $219K. Total assets increased by 4.3% over the same period, from $651K to $680K. Total functional expenses rose by 115%, from $111K to $240K. In its most recent filing year (2024), Star Water Company reported a deficit of $21K, with expenses exceeding revenue. The organization holds $586K in liabilities against $680K in assets (debt-to-asset ratio: 86.3%), resulting in net assets of $93K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $219K | $240K | $680K | $586K | — | — |
| 2023 | $196K | $225K | $737K | $623K | — | View 990 |
| 2022 | $191K | $215K | $802K | $659K | — | View 990 |
| 2021 | $188K | $201K | $862K | $694K | — | — |
| 2020 | $164K | $199K | $909K | $728K | — | View 990 |
| 2019 | $148K | $193K | $977K | $762K | — | View 990 |
| 2018 | $152K | $184K | $1.1M | $794K | — | View 990 |
| 2017 | $136K | $160K | $1.1M | $835K | — | View 990 |
| 2016 | $127K | $134K | $1.2M | $866K | — | View 990 |
| 2015 | $116K | $142K | $928K | $604K | — | View 990 |
| 2014 | $113K | $126K | $610K | $259K | — | View 990 |
| 2013 | $120K | $129K | $630K | $267K | — | View 990 |
| 2012 | $112K | $118K | $642K | $270K | — | View 990 |
| 2011 | $113K | $111K | $651K | $274K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $219K, expenses of $240K, and assets of $680K (revenue +11.9% year-over-year).
- 2023: Revenue of $196K, expenses of $225K, and assets of $737K (revenue +2.8% year-over-year).
- 2022: Revenue of $191K, expenses of $215K, and assets of $802K (revenue +1.2% year-over-year).
- 2021: Revenue of $188K, expenses of $201K, and assets of $862K (revenue +14.9% year-over-year).
- 2020: Revenue of $164K, expenses of $199K, and assets of $909K (revenue +10.8% year-over-year).
- 2019: Revenue of $148K, expenses of $193K, and assets of $977K (revenue -2.4% year-over-year).
- 2018: Revenue of $152K, expenses of $184K, and assets of $1.1M (revenue +11.6% year-over-year).
- 2017: Revenue of $136K, expenses of $160K, and assets of $1.1M (revenue +6.6% year-over-year).
- 2016: Revenue of $127K, expenses of $134K, and assets of $1.2M (revenue +9.8% year-over-year).
- 2015: Revenue of $116K, expenses of $142K, and assets of $928K (revenue +2.4% year-over-year).
- 2014: Revenue of $113K, expenses of $126K, and assets of $610K (revenue -5.5% year-over-year).
- 2013: Revenue of $120K, expenses of $129K, and assets of $630K (revenue +7.1% year-over-year).
- 2012: Revenue of $112K, expenses of $118K, and assets of $642K (revenue -0.9% year-over-year).
- 2011: Revenue of $113K, expenses of $111K, and assets of $651K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Star Water Company:
Data Sources and Methodology
This transparency report for Star Water Company is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.