NJ Rising Stars Inc

Analysis

NJ Rising Stars Inc is a registered charity in United States, based in Lakewood, NJ. It received its IRS tax-exemption ruling in September 2022, 4 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, NJ Rising Stars Inc reported income of $1.3m and spending of $1.3m, spending 106% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income grew from $161k to $1.3m (+684%), an average of +99% a year. The sharpest change came in the year to December 2021, when income rose by 290%. Over the whole period it spent 107% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, NJ Rising Stars Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 84th percentile within NJ. Charities of a similar size with the same main cause include Arches Academy Inc ($1.3m), Communities of Rooted Brilliance ($1.3m) and School Choice Wisconsin Inc ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 12% and program service revenue 88% of the total. Other salaries and wages came to $387k. At year end it held assets of $10k against liabilities of $255k, net assets of -$245k. It reported 37 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.