New Star Scholarship Foundation

Analysis

New Star Scholarship Foundation is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in November 2003, 23 years ago. Its declared purposes cover education, which this site groups under education and training. 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, New Star Scholarship Foundation reported income of $93k and spending of $187k, spending 202% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $187k to $93k (-50%), an average of -16% a year. The sharpest change came in the year to December 2021, when income rose by 120%. Over the whole period it spent 85% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, New Star Scholarship Foundation sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 37th percentile within CA. Charities of a similar size with the same main cause include Kingdom Kids Christian Childcare Inc ($93k), American Association for the History of Nursing ($93k) and Hamilton Elementary PTO ($93k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 85% of the total. At year end it held assets of $414k against liabilities of $0, net assets of $414k.