Rising Star Inc Learning Center
Rising Star Inc Learning Center: Financial Volatility and Operational Concerns
EIN: 223002848 · Newark, NJ · NTEE: P33Z · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $385K |
| Total Expenses | $336K |
| Program Spending | 75% |
| Net Assets | $-449,798 |
| Transparency Score | 65/100 |
Is Rising Star Inc Learning Center Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Rising Star Inc Learning Center directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Rising Star Inc Learning Center
Rising Star Inc Learning Center (EIN: 223002848) is a nonprofit organization based in Newark, NJ, classified under NTEE code P33Z. The organization reported total revenue of $385K and total assets of $52K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Rising Star Inc Learning Center's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Rising Star Inc Learning Center is a small nonprofit that has been operating for 36 years, with 12 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 2.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $385K |
| Total Expenses | $336K |
| Surplus / Deficit | +$49K |
| Total Assets | $52K |
| Total Liabilities | $502K |
| Net Assets | $-449,798 |
| Operating Margin | 12.7% |
| Debt-to-Asset Ratio | 956.9% |
| Months of Reserves | 1.9 months |
Financial Health Grade: B
In 2023, Rising Star Inc Learning Center reported a surplus of $49K with revenue exceeding expenses, holds 1.9 months of operating reserves (limited), has a debt-to-asset ratio of 956.9% (high leverage).
Financial Trends
Over 12 years of filings (2011–2023), Rising Star Inc Learning Center's revenue has grown at a compound annual growth rate (CAGR) of 2.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -8.8% | -20.0% | -48.2% |
| 2022 | +74.5% | +13.7% | -46.7% |
| 2021 | -34.4% | -26.7% | +86.0% |
| 2020 | -11.3% | +21.0% | +173.5% |
| 2019 | +48.7% | +58.7% | +3.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1990 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Rising Star Inc Learning Center with a Mission Score of 65 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 75%
- fundraising: 10%
According to IRS 990 filings, Rising Star Inc Learning Center allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $49K, with revenue exceeding expenses.
- Debt-to-asset ratio: 956.9%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, which is highly unusual for an organization of this size and suggests either pro-bono leadership or a lack of transparent reporting on compensation structures.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Rising Star Inc Learning Center's IRS 990 filings:
- Consistent 0% compensation reported raises questions about actual executive compensation and transparency.
- Liabilities ($502,288 in 2023) significantly exceed assets ($52,490 in 2023), indicating potential financial distress.
- Revenue has decreased from $422,425 in 2022 to $385,323 in 2023, while expenses remained high, leading to a deficit.
- The organization's net assets have been negative for several years, with a net deficit of $449,798 in 2023.
Strengths
The following positive indicators were identified for Rising Star Inc Learning Center:
- The organization has maintained operations for several years despite financial challenges, suggesting resilience.
- Consistent reporting of financial data, even if concerning, provides a basis for analysis.
Frequently Asked Questions about Rising Star Inc Learning Center
Is Rising Star Inc Learning Center a legitimate charity?
Rising Star Inc Learning Center (EIN: 223002848) is a registered tax-exempt nonprofit based in New Jersey. Our AI analysis gives it a Mission Score of 65/100. It has 12 years of IRS 990 filings on record. Total revenue: $385K. 4 red flags identified. 2 strengths noted. Financial health grade: B.
How does Rising Star Inc Learning Center spend its money?
Rising Star Inc Learning Center directs 75% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.
Are donations to Rising Star Inc Learning Center tax-deductible?
Rising Star Inc Learning Center is registered as a tax-exempt nonprofit (EIN: 223002848). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Rising Star Inc Learning Center's spending goes to programs?
Rising Star Inc Learning Center directs 75% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Rising Star Inc Learning Center compare to similar nonprofits?
With a transparency score of 65/100 (Good), Rising Star Inc Learning Center is above average for NTEE category P33Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Rising Star Inc Learning Center located?
Rising Star Inc Learning Center is headquartered in Newark, New Jersey and files with the IRS under EIN 223002848. It is classified under NTEE code P33Z.
How many years of IRS 990 filings does Rising Star Inc Learning Center have?
Rising Star Inc Learning Center has 12 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $385K in total revenue.
What does Rising Star Inc Learning Center do?
Rising Star Inc Learning Center is a nonprofit organization in the Human Services sector, located in Newark, New Jersey. It is classified under NTEE code P33Z.
How much revenue does Rising Star Inc Learning Center have?
Rising Star Inc Learning Center reported total revenue of $385,323. Based on 12 IRS 990 filings on record.
What are Rising Star Inc Learning Center's total assets?
Rising Star Inc Learning Center holds total assets of $52,490 as reported in IRS 990 filings.
Where is Rising Star Inc Learning Center located?
Rising Star Inc Learning Center is based in Newark, New Jersey.
What is Rising Star Inc Learning Center's EIN?
Rising Star Inc Learning Center's Employer Identification Number (EIN) is 223002848. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Rising Star Inc Learning Center?
Rising Star Inc Learning Center is classified under NTEE code P33Z (Human Services).
Is Rising Star Inc Learning Center a registered 501(c)(3)?
Yes, Rising Star Inc Learning Center is recognized as a tax-exempt organization by the IRS. EIN: 223002848.
Does Rising Star Inc Learning Center file IRS Form 990?
Yes, Rising Star Inc Learning Center has 12 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Rising Star Inc Learning Center's revenue in 2023?
In the 202312 filing period, Rising Star Inc Learning Center reported total revenue of $385,323, total expenses of $336,494, and net assets of $52,490.
Is Rising Star Inc Learning Center's revenue growing or declining?
Rising Star Inc Learning Center's revenue is declining. Revenue went from $422,425 (202212) to $385,323 (202312), a -8.8% change. Based on 12 filings on record.
What is Rising Star Inc Learning Center's most recent 990 filing?
The most recent IRS Form 990 filing for Rising Star Inc Learning Center covers tax period 202312. It shows revenue of $385,323, expenses of $336,494, total assets of $52,490, and liabilities of $502,288.
How much does Rising Star Inc Learning Center spend on programs vs administration?
Based on IRS 990 analysis, Rising Star Inc Learning Center allocates approximately 75% of expenses to program services, 15% to administrative costs, and 10% to fundraising. This indicates strong program focus.
Is Rising Star Inc Learning Center a trustworthy charity?
Based on AI analysis of IRS 990 data, Rising Star Inc Learning Center shows mixed signals. Mission Score: 65/100 (Good). 4 red flags identified. 2 strengths noted.
What are the red flags for Rising Star Inc Learning Center?
The following concerns were identified: Consistent 0% compensation reported raises questions about actual executive compensation and transparency.. Liabilities ($502,288 in 2023) significantly exceed assets ($52,490 in 2023), indicating potential financial distress.. Revenue has decreased from $422,425 in 2022 to $385,323 in 2023, while expenses remained high, leading to a deficit.. The organization's net assets have been negative for several years, with a net deficit of $449,798 in 2023.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Rising Star Inc Learning Center's strengths?
Positive indicators for Rising Star Inc Learning Center include: The organization has maintained operations for several years despite financial challenges, suggesting resilience.. Consistent reporting of financial data, even if concerning, provides a basis for analysis.. These findings are derived from AI analysis of the organization's financial filings.
How does Rising Star Inc Learning Center compensate executives?
Executive compensation is reported as 0% across all available filings, which is highly unusual for an organization of this size and suggests either pro-bono leadership or a lack of transparent reporting on compensation structures. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the consistent reporting of 0% compensation, how does Rising Star Inc Learning Center attract and retain leadership, and what is the actual financial arrangement for its executives?
The consistent 0% compensation is a significant red flag. It suggests either that all leadership is purely volunteer-based, which is rare for an organization with revenues in the hundreds of thousands, or that compensation is being reported in a non-standard or obscured manner. Further inquiry into their Form 990 or direct communication would be necessary to understand the true compensation structure and ensure compliance and transparency.
What is the strategic plan to address the growing disparity between liabilities and assets, which resulted in a net deficit of $449,798 in 2023?
The increasing liabilities and decreasing assets, leading to a substantial net deficit, indicate a critical financial situation. The organization needs a clear and actionable plan to either increase revenue significantly, reduce expenses drastically, or secure substantial funding to cover its obligations. Without such a plan, its long-term viability is questionable.
Filing History
IRS 990 filing history for Rising Star Inc Learning Center showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2023), Rising Star Inc Learning Center's revenue has grown by 40.1%, moving from $275K to $385K. Total assets increased by 12% over the same period, from $47K to $52K. Total functional expenses rose by 2.4%, from $329K to $336K. In its most recent filing year (2023), Rising Star Inc Learning Center reported a surplus of $49K, with revenue exceeding expenses. The organization holds $502K in liabilities against $52K in assets (debt-to-asset ratio: 956.9%), resulting in net assets of $-449,798.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $385K | $336K | $52K | $502K | — | View 990 |
| 2022 | $422K | $421K | $101K | $495K | — | — |
| 2021 | $242K | $370K | $190K | $586K | — | View 990 |
| 2020 | $369K | $504K | $102K | $330K | — | View 990 |
| 2019 | $416K | $417K | $37K | $129K | — | View 990 |
| 2018 | $280K | $263K | $36K | $127K | — | View 990 |
| 2017 | $254K | $279K | $45K | $163K | — | View 990 |
| 2016 | $188K | $163K | $28K | $0 | — | View 990 |
| 2014 | $189K | $205K | $40K | $14K | — | View 990 |
| 2013 | $289K | $296K | $50K | $8K | — | View 990 |
| 2012 | $269K | $257K | $59K | $11K | — | View 990 |
| 2011 | $275K | $329K | $47K | $11K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $385K, expenses of $336K, and assets of $52K (revenue -8.8% year-over-year).
- 2022: Revenue of $422K, expenses of $421K, and assets of $101K (revenue +74.5% year-over-year).
- 2021: Revenue of $242K, expenses of $370K, and assets of $190K (revenue -34.4% year-over-year).
- 2020: Revenue of $369K, expenses of $504K, and assets of $102K (revenue -11.3% year-over-year).
- 2019: Revenue of $416K, expenses of $417K, and assets of $37K (revenue +48.7% year-over-year).
- 2018: Revenue of $280K, expenses of $263K, and assets of $36K (revenue +10.2% year-over-year).
- 2017: Revenue of $254K, expenses of $279K, and assets of $45K (revenue +35.2% year-over-year).
- 2016: Revenue of $188K, expenses of $163K, and assets of $28K (revenue -0.6% year-over-year).
- 2014: Revenue of $189K, expenses of $205K, and assets of $40K (revenue -34.7% year-over-year).
- 2013: Revenue of $289K, expenses of $296K, and assets of $50K (revenue +7.5% year-over-year).
- 2012: Revenue of $269K, expenses of $257K, and assets of $59K (revenue -2.2% year-over-year).
- 2011: Revenue of $275K, expenses of $329K, and assets of $47K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Rising Star Inc Learning Center:
Data Sources and Methodology
This transparency report for Rising Star Inc Learning Center is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.