Rising Stars World Soccer Inc

Analysis

Rising Stars World Soccer Inc is a registered charity in United States, based in Miami, FL. It received its IRS tax-exemption ruling in June 2014, 12 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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 May 2023, Rising Stars World Soccer Inc reported income of $457k and spending of $591k, spending 129% of what it took in. Across the 5 years on record, from May 2019 to May 2023, income fell from $460k to $457k (-0.7%), an average of -0.2% a year. The sharpest change came in the year to May 2021, when income rose by 34%. Over the whole period it spent 104% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Rising Stars World Soccer Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 71st percentile within FL. Charities of a similar size with the same main cause include Paisano Baptist Assembly ($457k), Corry Community Development Corporation ($457k) and Great Lakes Burn Camp ($457k).

On its Form 990 for the period ending May 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $119k (20% of expenses). At year end it held assets of -$14k against liabilities of $55k, net assets of -$69k.