Starfish Fund
Starfish Fund maintains strong assets and zero officer compensation despite volatile revenue.
EIN: 20811842 · Naples, FL · NTEE: T22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.7M |
| Total Expenses | $549K |
| Program Spending | 85% |
| CEO/Top Officer Pay | $5.4 |
| Net Assets | $5.2M |
| Transparency Score | 85/100 |
Is Starfish Fund Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Starfish Fund directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Starfish Fund
Starfish Fund (EIN: 20811842) is a nonprofit organization based in Naples, FL, classified under NTEE code T22. The organization reported total revenue of $1.7M and total assets of $5.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Starfish Fund's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Starfish Fund is a mid-size nonprofit that has been operating for 11 years, with 7 years of IRS 990 filings on record (2014–2023). Revenue has grown at a compound annual rate of -26.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $333K |
| Total Expenses | $549K |
| Surplus / Deficit | $-216,220 |
| Total Assets | $5.2M |
| Total Liabilities | $1 |
| Net Assets | $5.2M |
| Operating Margin | -64.9% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 112.9 months |
Financial Health Grade: B
In 2023, Starfish Fund reported a deficit of $216K with expenses exceeding revenue, holds 112.9 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 7 years of filings (2014–2023), Starfish Fund's revenue has declined at a compound annual growth rate (CAGR) of -26.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -70.7% | +38.7% | -4.0% |
| 2022 | +151.7% | +26.3% | +16.0% |
| 2021 | -30.2% | +2.5% | +3.1% |
| 2020 | +236.9% | -0.9% | +8.2% |
| 2019 | +1982.5% | +94.2% | -14.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2015 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Starfish Fund with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Starfish Fund allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $216K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Starfish Fund consistently reports 0% officer compensation across all available filings, indicating that no funds are allocated to executive salaries, which is highly commendable for a nonprofit of its size with current assets over $5.4 million.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Starfish Fund's IRS 990 filings:
- Highly volatile revenue streams, as seen with $5,000,449 in 2014, $9,224 in 2015, and $333,181 in 2023, which could impact long-term program stability.
- Expenses exceeded revenue in multiple periods (e.g., 202306: Revenue=$333,181, Expenses=$549,401; 201906: Revenue=$192,087, Expenses=$308,613), indicating reliance on reserves or prior year surpluses.
Strengths
The following positive indicators were identified for Starfish Fund:
- Consistent 0% officer compensation across all filings, indicating strong commitment to mission and efficient use of funds.
- Strong and growing asset base ($5,426,736 currently) providing financial stability and resilience.
- Extremely low liabilities ($0-$1 across all filings) demonstrating excellent financial management and minimal debt.
- Long filing history (7 filings) indicating consistent compliance and transparency.
Frequently Asked Questions about Starfish Fund
Is Starfish Fund a legitimate charity?
Starfish Fund (EIN: 20811842) is a registered tax-exempt nonprofit based in Florida. Our AI analysis gives it a Mission Score of 85/100. It has 7 years of IRS 990 filings on record. Total revenue: $1.7M. 2 red flags identified. 4 strengths noted. Financial health grade: B.
How does Starfish Fund spend its money?
Starfish Fund directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Starfish Fund tax-deductible?
Starfish Fund is registered as a tax-exempt nonprofit (EIN: 20811842). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Starfish Fund CEO make?
Starfish Fund's highest-compensated officer earns $5.4 annually. The organization reported $1.7M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Starfish Fund's spending goes to programs?
Starfish Fund directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Starfish Fund compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Starfish Fund is above average for NTEE category T22 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Starfish Fund located?
Starfish Fund is headquartered in Naples, Florida and files with the IRS under EIN 20811842. It is classified under NTEE code T22.
How many years of IRS 990 filings does Starfish Fund have?
Starfish Fund has 7 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 $1.7M in total revenue.
Is Starfish Fund a good charity?
Based on the provided data, Starfish Fund exhibits strong financial health with growing assets ($5,426,736) and a remarkable commitment to zero officer compensation. While revenue has been volatile, the organization maintains minimal liabilities, suggesting good financial management. A full assessment would benefit from a detailed expense breakdown.
How has Starfish Fund's revenue trended?
Starfish Fund's revenue has been highly volatile, ranging from a peak of $5,000,449 in 2014 to a low of $9,224 in 2015, and more recently $1,137,747 in 2022 before dropping to $333,181 in 2023. This indicates an inconsistent funding stream.
What is the organization's asset growth like?
Starfish Fund has shown consistent asset growth, increasing from $4,989,242 in 2014 to $5,426,736 currently, demonstrating effective long-term financial stewardship despite revenue fluctuations.
Filing History
IRS 990 filing history for Starfish Fund showing financial trends over 7 years of public records:
Over 7 years of IRS 990 filings (2014–2023), Starfish Fund's revenue has declined by 93.3%, moving from $5.0M to $333K. Total assets increased by 3.6% over the same period, from $5.0M to $5.2M. Total functional expenses rose by 4802.3%, from $11K to $549K. In its most recent filing year (2023), Starfish Fund reported a deficit of $216K, with expenses exceeding revenue. The organization holds $1 in liabilities against $5.2M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $5.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $333K | $549K | $5.2M | $1 | — | View 990 |
| 2022 | $1.1M | $396K | $5.4M | $1 | — | View 990 |
| 2021 | $452K | $314K | $4.6M | $1 | — | View 990 |
| 2020 | $647K | $306K | $4.5M | $1 | — | — |
| 2019 | $192K | $309K | $4.2M | $1 | — | View 990 |
| 2015 | $9K | $159K | $4.8M | $1 | — | View 990 |
| 2014 | $5.0M | $11K | $5.0M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $333K, expenses of $549K, and assets of $5.2M (revenue -70.7% year-over-year).
- 2022: Revenue of $1.1M, expenses of $396K, and assets of $5.4M (revenue +151.7% year-over-year).
- 2021: Revenue of $452K, expenses of $314K, and assets of $4.6M (revenue -30.2% year-over-year).
- 2020: Revenue of $647K, expenses of $306K, and assets of $4.5M (revenue +236.9% year-over-year).
- 2019: Revenue of $192K, expenses of $309K, and assets of $4.2M (revenue +1982.5% year-over-year).
- 2015: Revenue of $9K, expenses of $159K, and assets of $4.8M (revenue -99.8% year-over-year).
- 2014: Revenue of $5.0M, expenses of $11K, and assets of $5.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Starfish Fund:
Data Sources and Methodology
This transparency report for Starfish Fund 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.