Foundation for the Stars

Analysis

Foundation for the Stars is a registered charity in United States, based in Las Vegas, NV. It received its IRS tax-exemption ruling in January 2012, 14 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, Foundation for the Stars reported income of $107k and spending of $107k, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $55k to $107k (+94%), an average of +18% a year. The sharpest change came in the year to December 2023, when income rose by 31%. Over the whole period it spent 101% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Foundation for the Stars sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 41st percentile within NV. Charities of a similar size with the same main cause include Musack Inc ($107k), Historic Baytowns Arts Culture and Entertainment Council Inc ($107k) and Fairfield Bay Library Inc ($107k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% and program service revenue 3.8% of the total. At year end it held assets of $75k against liabilities of $75k, net assets of $0.