Island Star Performances Inc

Analysis

Island Star Performances Inc is a registered charity in United States, based in Galveston, TX. It received its IRS tax-exemption ruling in August 2007, 19 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 September 2023, Island Star Performances Inc reported income of $548k and spending of $443k, spending 81% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $433k to $548k (+27%), an average of +6.1% a year. The sharpest change came in the year to September 2022, when income rose by 945%. Over the whole period it spent 93% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Island Star Performances Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 76th percentile within TX. Charities of a similar size with the same main cause include Rutherford B & Lucy Webb Hayes Foundation ($548k), Mount Dora Center for the Arts Inc ($548k) and American Academy of Laser Dentistry ($548k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 7.3% and program service revenue 93% of the total. At year end it held assets of $218k against liabilities of $2.7m, net assets of -$2.4m.