Seven Stars Foundation Inc

Analysis

Seven Stars Foundation Inc is a registered charity in United States, based in Big Bear City, CA. It received its IRS tax-exemption ruling in September 2008, 18 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Seven Stars Foundation Inc reported income of $105k and spending of $193k, spending 184% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $180k to $105k (-42%), an average of -13% a year. The sharpest change came in the year to December 2022, when income rose by 107%. Over the whole period it spent 98% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Seven Stars Foundation Inc sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 40th percentile within CA. Charities of a similar size with the same main cause include Fiorello H Laguardia Foundation Inc ($105k), Indian River Firefighters Benevolent Association Inc ($105k) and Port Jefferson Yacht Club Foundation Inc ($105k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $148k against liabilities of $1,159, net assets of $147k.