Rising Stars Academy Incorporated

Analysis

Rising Stars Academy Incorporated is a registered charity in United States, based in Melbourne, FL. It received its IRS tax-exemption ruling in September 2008, 18 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Rising Stars Academy Incorporated reported income of $251k and spending of $257k, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $271k to $251k (-7.3%), an average of -1.9% a year. The sharpest change came in the year to December 2021, when income dropped by 16%. Over the whole period it spent 102% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Rising Stars Academy Incorporated sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 61st percentile within FL. Charities of a similar size with the same main cause include Wills Point Isd Education Foundation ($251k), Empowerment International Inc ($251k) and Wildcat Foundation ($251k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $2,139 (0.8% of expenses). Other salaries and wages came to $99k. At year end it held assets of $18k against liabilities of $0, net assets of $18k. It reported 8 employees.