Rising Stars Foundation Corp

Analysis

Rising Stars Foundation Corp is a registered charity in United States, based in San Juan, PR. It received its IRS tax-exemption ruling in October 2017, 9 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Rising Stars Foundation Corp reported income of $834k and spending of $824k, spending 99% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $563k to $834k (+48%), an average of +10% a year. The sharpest change came in the year to June 2023, when income rose by 39%. Over the whole period it spent 100% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Rising Stars Foundation Corp sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 67th percentile within PR. Charities of a similar size with the same main cause include Como Early Learning Center ($834k), Stuyvesant High School Parents Association Inc ($834k) and The Southwest Alaska Vocational and Educational Center ($834k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 96% of the total. Other salaries and wages came to $510k. At year end it held assets of $1.2m against liabilities of $1.1m, net assets of $52k. It reported 33 employees.