Wishing Star Foundation

Analysis

Wishing Star Foundation is a registered charity in United States, based in Spokane, WA. It received its IRS tax-exemption ruling in October 1996, 30 years ago. Its declared purposes cover unknown, which this site groups under other charitable purposes. 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, Wishing Star Foundation reported income of $547k and spending of $613k, spending 112% of what it took in. Across the 6 years on record, from June 2019 to December 2023, income fell from $602k to $547k (-9.2%), an average of -1.9% a year. The sharpest change came in the year to December 2022, when income rose by 163%. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Wishing Star Foundation sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 70th percentile within WA. Charities of a similar size with the same main cause include Conference of Big Five School Districts ($547k), Latcom ($547k) and Napa Public Access Cable Television ($547k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 111% of the total. Compensation of current officers, directors and key employees was $50k (8.2% of expenses). Other salaries and wages came to $212k. At year end it held assets of $527k against liabilities of $51k, net assets of $476k. It reported 7 employees.