Morning Star News International Inc

Analysis

Morning Star News International Inc is a registered charity in United States, based in Capo Beach, CA. It received its IRS tax-exemption ruling in September 2012, 14 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 (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, Morning Star News International Inc reported income of $88k and spending of $96k, spending 109% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $92k to $88k (-4.1%), an average of -1.0% a year. Over the whole period it spent 100% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Morning Star News International Inc sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 36th percentile within CA. Charities of a similar size with the same main cause include Friends of the Cynwyd Trail Inc ($88k), Shri Krupa Dance Foundation of San Jose ($88k) and Desfile Hispano Americano de NJ ($88k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $46k (48% of expenses). At year end it held assets of $10k against liabilities of $0, net assets of $10k. It reported 1 employees.