Rising Star Inc Learning Center

Analysis

Rising Star Inc Learning Center is a registered charity in United States, based in Newark, NJ. It received its IRS tax-exemption ruling in August 1990, 36 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Rising Star Inc Learning Center reported income of $385k and spending of $336k, spending 87% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $416k to $385k (-7.3%), an average of -1.9% a year. The sharpest change came in the year to December 2022, when income rose by 75%. Over the whole period it spent 112% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Rising Star Inc Learning Center sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 72nd percentile within NJ. Charities of a similar size with the same main cause include Auglaize County Crisis Center Inc ($385k), Rick S Place Inc ($385k) and Milwaukee Jewish Free Loan Association ($385k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $150k. At year end it held assets of $52k against liabilities of $502k, net assets of -$450k. It reported 10 employees.