Loca Star Foundation Inc

Analysis

Loca Star Foundation Inc is a registered charity in United States, based in Longview, TX. It received its IRS tax-exemption ruling in March 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Loca Star Foundation Inc reported income of $196k and spending of $271k, spending 138% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $111k to $196k (+77%), an average of +77% a year. The sharpest change came in the year to December 2023, when income rose by 77%. Over the whole period it spent 117% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Loca Star Foundation Inc sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 57th percentile within TX. Charities of a similar size with the same main cause include Our Saviour Community Ministries ($196k), Little Blessings Preschool Inc ($196k) and Wickman Elementary School Parent- Teacher Organization ($196k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $22k against liabilities of $75k, net assets of -$53k.