Rising Stars Foundation LLC

Analysis

Rising Stars Foundation LLC is a registered charity in United States, based in Conroe, TX. It received its IRS tax-exemption ruling in September 2018, 8 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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 2022, Rising Stars Foundation LLC reported income of $224k and spending of $196k, spending 88% of its income. Across the 4 years on record, from December 2019 to December 2022, income fell from $288k to $224k (-22%), an average of -8.0% a year. The sharpest change came in the year to December 2020, when income rose by 36%. Over the whole period it spent 72% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Rising Stars Foundation LLC sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 60th percentile within TX. Charities of a similar size with the same main cause include Indiana Association of Public Education Foundations Incorporated ($224k), Klamath Falls Downtown Association ($224k) and Welding Research Council Inc ($224k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 39% of the total. Other salaries and wages came to $107k. At year end it held assets of $376k against liabilities of $0, net assets of $376k. It reported 1 employees.