Seven Star Academy Inc

Analysis

Seven Star Academy Inc is a registered charity in United States, based in New Orleans, LA. It received its IRS tax-exemption ruling in June 2019, 7 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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, Seven Star Academy Inc reported income of $349k and spending of $290k, spending 83% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $154k to $349k (+127%), an average of +127% a year. The sharpest change came in the year to December 2023, when income rose by 127%. Over the whole period it spent 89% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Seven Star Academy Inc sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 63rd percentile within LA. Charities of a similar size with the same main cause include North Carolina Pace Association ($349k), Systemic Jia Foundation ($349k) and Down Syndrome Association of South Texas ($349k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.0% and program service revenue 100% of the total. Compensation of current officers, directors and key employees was $124k (43% of expenses). At year end it held assets of $79k against liabilities of $26k, net assets of $53k. It reported 2 employees.