Rising Stars Inc

Analysis

Rising Stars Inc is a registered charity in United States, based in Freeport, NY. It received its IRS tax-exemption ruling in November 1996, 30 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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 2023, Rising Stars Inc reported income of $1.9m and spending of $3.0m, spending 159% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.3m to $1.9m (-20%), an average of -5.3% a year. The sharpest change came in the year to December 2021, when income rose by 110%. Over the whole period it spent 92% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Rising Stars Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 82nd percentile within NY. Charities of a similar size with the same main cause include Play Safe ($1.9m), Irvine Soccer Club ($1.9m) and Southern Nevada Soccer Association ($1.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 59% and program service revenue 37% of the total. Other salaries and wages came to $262k. At year end it held assets of $1.2m against liabilities of $36k, net assets of $1.2m. It reported 2 employees.