Shooting Star Foundation Inc

Analysis

Shooting Star Foundation Inc is a registered charity in United States, based in Eden Prairie, MN. It received its IRS tax-exemption ruling in October 2016, 10 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Shooting Star Foundation Inc reported income of $173k and spending of $285k, spending 165% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $293k to $173k (-41%), an average of -23% a year. The sharpest change came in the year to December 2023, when income dropped by 26%. Over the whole period it spent 78% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Shooting Star Foundation Inc sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 49th percentile within MN. Charities of a similar size with the same main cause include South Houston Bible Institute ($173k), Able Flight Inc ($173k) and Louisville Male High School Alumni Association Inc ($173k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 122% of the total. Compensation of current officers, directors and key employees was $36k (13% of expenses). It paid $1,000 in professional fundraising fees. At year end it held assets of $368k against liabilities of $1,356, net assets of $367k. It reported 2 employees.