Rising Star Resource Development Corporation

Analysis

Rising Star Resource Development Corporation is a registered charity in United States, based in Dallas, TX. It received its IRS tax-exemption ruling in January 2012, 14 years ago. Its declared purposes cover employment, which this site groups under community and economic development. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Rising Star Resource Development Corporation reported income of $2.7m and spending of $2.7m, spending 99% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $2.1m to $2.7m (+28%), an average of +6.4% a year. The sharpest change came in the year to September 2021, when income rose by 25%. Over the whole period it spent 97% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Rising Star Resource Development Corporation sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 91st percentile within TX. Charities of a similar size with the same main cause include Local 697 Ibew Apprentice ($2.7m), Southwest Virginia Workforce Development Board ($2.7m) and Duet Inc ($2.7m).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $327k (12% of expenses). Other salaries and wages came to $1.6m. At year end it held assets of $1.5m against liabilities of $672k, net assets of $824k. It reported 142 employees.