Shining Star Foundation

Analysis

Shining Star Foundation is a registered charity in United States, based in San Rafael, CA. It received its IRS tax-exemption ruling in October 1990, 36 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 July 2023, Shining Star Foundation reported income of $6.9m and spending of $6.9m, spending 101% of its income. Across the 5 years on record, from July 2019 to July 2023, income grew from $5.2m to $6.9m (+32%), an average of +7.2% a year. The sharpest change came in the year to July 2021, when income rose by 21%. Over the whole period it spent 98% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Shining Star Foundation sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 94th percentile within CA. Charities of a similar size with the same main cause include Central Institute for the Deaf ($6.9m), Chicago Scholars Foundation ($6.9m) and St Michaels Episcopal School Inc ($6.9m).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 5.3% and program service revenue 83% of the total. Compensation of current officers, directors and key employees was $474k (6.9% of expenses). Other salaries and wages came to $3.8m. At year end it held assets of $11.6m against liabilities of $2.3m, net assets of $9.2m. It reported 64 employees.