Rising Stars Business Academy

Analysis

Rising Stars Business Academy is a registered charity in United States, based in Moreno Valley, CA. It received its IRS tax-exemption ruling in July 2011, 15 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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 2022, Rising Stars Business Academy reported income of $507k and spending of $631k, spending 125% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income grew from $427k to $507k (+19%), an average of +5.8% a year. Over the whole period it spent 109% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Rising Stars Business Academy sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 72nd percentile within CA. Charities of a similar size with the same main cause include New Hope Oklahoma Inc ($507k), Healthy Teens Coalition of Manatee County ($507k) and BMC Community Outreach ($506k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 3.2% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $50k (7.9% of expenses). Other salaries and wages came to $285k. At year end it held assets of $2,992 against liabilities of $92k, net assets of -$89k. It reported 5 employees.