Rising Star Ministries Inc

Analysis

Rising Star Ministries Inc is a registered charity in United States, based in Indian Harbour Beach, FL. It received its IRS tax-exemption ruling in October 2012, 14 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Rising Star Ministries Inc reported income of $86k and spending of $83k, spending 97% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $59k to $86k (+45%), an average of +45% a year. The sharpest change came in the year to December 2023, when income rose by 45%. Over the whole period it spent 97% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Rising Star Ministries Inc sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 36th percentile within FL. Charities of a similar size with the same main cause include Olympic Media ($86k), St Vincent de Paul at Our Lady of Health Catholic Church ($86k) and El Pabellon Del Jubileo ($85k).

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 $3,096 against liabilities of $0, net assets of $3,096.