Cedar Stars Academy USA Corp

Analysis

Cedar Stars Academy USA Corp is a registered charity in United States, based in South Hackensack, NJ. It received its IRS tax-exemption ruling in August 2015, 11 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 December 2023, Cedar Stars Academy USA Corp reported income of $2.7m and spending of $2.7m, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.2m to $2.7m (+24%), an average of +5.6% a year. The sharpest change came in the year to December 2020, when income dropped by 26%. Over the whole period it spent 102% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Cedar Stars Academy USA Corp sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 90th percentile within NJ. Charities of a similar size with the same main cause include 4s Ranch Youth Soccer Association ($2.7m), 2026 Special Olympics USA Games ($2.7m) and Sos Outreach ($2.7m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $604k against liabilities of $637k, net assets of -$33k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.