Shining Stars Music Academy

Analysis

Shining Stars Music Academy is a registered charity in United States, based in Grand JCT, CO. It received its IRS tax-exemption ruling in May 2020, 6 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 June 2024, Shining Stars Music Academy reported income of $87k and spending of $74k, spending 85% of its income. Across the 2 years on record, from June 2023 to June 2024, income grew from $74k to $87k (+18%), an average of +18% a year. The sharpest change came in the year to June 2024, when income rose by 18%. Over the whole period it spent 92% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Shining Stars Music Academy sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 29th percentile within CO. Charities of a similar size with the same main cause include Noel Community Arts Program ($87k), New England Hindi Manch Inc ($87k) and Athens Storytelling Festival Inc ($87k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 15% and program service revenue 88% of the total. At year end it held assets of $20k against liabilities of $0, net assets of $20k.