Rising Star World Foundation

Analysis

Rising Star World Foundation is a registered charity in United States, based in Coral Gables, FL. It received its IRS tax-exemption ruling in February 2021, 5 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 December 2023, Rising Star World Foundation reported income of $299k and spending of $239k, leaving 20% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $199k to $299k (+50%), an average of +50% a year. The sharpest change came in the year to December 2023, when income rose by 50%. Over the whole period it spent 60% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Rising Star World Foundation sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 65th percentile within FL. Charities of a similar size with the same main cause include Diving with a Purpose and Development Group Inc ($299k), Every Black Life Matters Inc ($299k) and Chicago International Social Change Film Festival ($299k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $216k against liabilities of $0, net assets of $216k.