Stars of Tomorrow Project Inc

Analysis

Stars of Tomorrow Project Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in December 2022, 4 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, Stars of Tomorrow Project Inc reported income of $171k and spending of $311k, spending 182% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $493k to $171k (-65%), an average of -65% a year. The sharpest change came in the year to December 2023, when income dropped by 65%. Over the whole period it spent 52% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Stars of Tomorrow Project Inc sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 48th percentile within NY. Charities of a similar size with the same main cause include Dallas Jewish Historical Society Inc ($171k), Thibodaux Playhouse Inc ($171k) and Noble Giving Inc ($171k).

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 $318k against liabilities of $0, net assets of $318k.