Rising Stars Inc
Rising Stars Inc. faces significant deficit in latest fiscal year despite consistent revenue.
EIN: 113309547 · Freeport, NY · NTEE: N62 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $2.2M |
| Total Expenses | $3.0M |
| Program Spending | 75% |
| Net Assets | $1.2M |
| Transparency Score | 70/100 |
Is Rising Stars Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Rising Stars Inc directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Rising Stars Inc
Rising Stars Inc (EIN: 113309547) is a nonprofit organization based in Freeport, NY, classified under NTEE code N62. The organization reported total revenue of $2.2M and total assets of $1.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Rising Stars Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Rising Stars Inc is a mid-size nonprofit that has been operating for 30 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 11.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.9M |
| Total Expenses | $3.0M |
| Surplus / Deficit | $-1,108,683 |
| Total Assets | $1.2M |
| Total Liabilities | $36K |
| Net Assets | $1.2M |
| Operating Margin | -59.2% |
| Debt-to-Asset Ratio | 2.9% |
| Months of Reserves | 4.9 months |
Financial Health Grade: B
In 2023, Rising Stars Inc reported a deficit of $1.1M with expenses exceeding revenue, holds 4.9 months of operating reserves (adequate), has a debt-to-asset ratio of 2.9% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Rising Stars Inc's revenue has grown at a compound annual growth rate (CAGR) of 11.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -14.5% | +58.8% | -47.6% |
| 2022 | -7.7% | +29.4% | +16.5% |
| 2021 | +110.1% | +39.0% | +78.6% |
| 2020 | -51.6% | -41.2% | +13.5% |
| 2019 | +56.2% | +24.8% | +129.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1996 |
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 Stars Inc with a Mission Score of 70 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 Stars Inc 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 deficit of $1.1M, with expenses exceeding revenue.
- Debt-to-asset ratio: 2.9%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, suggesting either a volunteer executive leadership or compensation levels below IRS reporting thresholds, which is a positive indicator for transparency and resource allocation for an organization of this size.
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 Stars Inc's IRS 990 filings:
- Significant operating deficit in the latest fiscal year (202312) of over $1.1 million.
- Substantial decrease in total assets from $2,334,953 in 2022 to $1,222,580 in 2023.
- Expenses in 2023 ($2,981,376) are considerably higher than any previous reported year, raising questions about financial management or one-time events.
Strengths
The following positive indicators were identified for Rising Stars Inc:
- Consistent revenue generation, often exceeding $1 million annually.
- Low liabilities relative to assets across all reported periods, indicating good debt management.
- Reported 0% officer compensation across all filings, suggesting strong transparency regarding executive pay or volunteer leadership.
- Long filing history (13 filings) indicates consistent compliance with IRS reporting requirements.
Frequently Asked Questions about Rising Stars Inc
Is Rising Stars Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Rising Stars Inc (EIN: 113309547) some concerns. Mission Score: 70/100. 3 red flags identified, 4 strengths noted.
How does Rising Stars Inc spend its money?
Rising Stars Inc directs 75% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Rising Stars Inc tax-deductible?
Rising Stars Inc is registered as a tax-exempt nonprofit (EIN: 113309547). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Rising Stars Inc's spending goes to programs?
Rising Stars Inc directs 75% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Rising Stars Inc compare to similar nonprofits?
With a transparency score of 70/100 (Good), Rising Stars Inc is above average for NTEE category N62 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Rising Stars Inc located?
Rising Stars Inc is headquartered in Freeport, New York and files with the IRS under EIN 113309547. It is classified under NTEE code N62.
How many years of IRS 990 filings does Rising Stars Inc have?
Rising Stars Inc has 13 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 $2.2M in total revenue.
Why did expenses increase so dramatically in the 2023 fiscal year, leading to a $1.1 million deficit?
The 202312 filing shows expenses of $2,981,376 against revenue of $1,872,693, a significant jump from previous years' expense levels (e.g., $1,877,562 in 202212). This substantial increase warrants further inquiry into its cause.
What caused the significant decrease in assets from $2,334,953 in 2022 to $1,222,580 in 2023?
The organization's assets nearly halved in the latest fiscal year, which could be related to the increased expenses or other financial decisions. Understanding this change is crucial for assessing financial stability.
How does Rising Stars Inc. plan to address the recent deficit and ensure long-term financial sustainability?
The deficit in the latest period is a concern. The organization's strategy for managing this and preventing future deficits is important for its continued operation.
What is the detailed breakdown of program, administrative, and fundraising expenses?
While the provided data indicates overall expenses, a detailed breakdown is necessary to accurately assess spending efficiency and ensure a high percentage of funds are directed towards programs.
Filing History
IRS 990 filing history for Rising Stars Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Rising Stars Inc's revenue has grown by 265.5%, moving from $512K to $1.9M. Total assets increased by 504% over the same period, from $202K to $1.2M. Total functional expenses rose by 567.2%, from $447K to $3.0M. In its most recent filing year (2023), Rising Stars Inc reported a deficit of $1.1M, with expenses exceeding revenue. The organization holds $36K in liabilities against $1.2M in assets (debt-to-asset ratio: 2.9%), resulting in net assets of $1.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.9M | $3.0M | $1.2M | $36K | — | — |
| 2022 | $2.2M | $1.9M | $2.3M | $40K | — | — |
| 2021 | $2.4M | $1.5M | $2.0M | $20K | — | View 990 |
| 2020 | $1.1M | $1.0M | $1.1M | $59K | — | — |
| 2019 | $2.3M | $1.8M | $988K | $10K | — | View 990 |
| 2018 | $1.5M | $1.4M | $431K | $12K | — | View 990 |
| 2017 | $1.4M | $1.3M | $354K | $8K | — | — |
| 2016 | $1.1M | $1.0M | $322K | $12K | — | View 990 |
| 2015 | $886K | $879K | $244K | $6K | — | View 990 |
| 2014 | $814K | $781K | $238K | $8K | — | View 990 |
| 2013 | $702K | $717K | $206K | $8K | — | View 990 |
| 2012 | $630K | $614K | $216K | $4K | — | View 990 |
| 2011 | $512K | $447K | $202K | $6K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.9M, expenses of $3.0M, and assets of $1.2M (revenue -14.5% year-over-year).
- 2022: Revenue of $2.2M, expenses of $1.9M, and assets of $2.3M (revenue -7.7% year-over-year).
- 2021: Revenue of $2.4M, expenses of $1.5M, and assets of $2.0M (revenue +110.1% year-over-year).
- 2020: Revenue of $1.1M, expenses of $1.0M, and assets of $1.1M (revenue -51.6% year-over-year).
- 2019: Revenue of $2.3M, expenses of $1.8M, and assets of $988K (revenue +56.2% year-over-year).
- 2018: Revenue of $1.5M, expenses of $1.4M, and assets of $431K (revenue +10.6% year-over-year).
- 2017: Revenue of $1.4M, expenses of $1.3M, and assets of $354K (revenue +22.7% year-over-year).
- 2016: Revenue of $1.1M, expenses of $1.0M, and assets of $322K (revenue +24.1% year-over-year).
- 2015: Revenue of $886K, expenses of $879K, and assets of $244K (revenue +8.9% year-over-year).
- 2014: Revenue of $814K, expenses of $781K, and assets of $238K (revenue +15.9% year-over-year).
- 2013: Revenue of $702K, expenses of $717K, and assets of $206K (revenue +11.5% year-over-year).
- 2012: Revenue of $630K, expenses of $614K, and assets of $216K (revenue +22.9% year-over-year).
- 2011: Revenue of $512K, expenses of $447K, and assets of $202K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Rising Stars Inc:
Data Sources and Methodology
This transparency report for Rising Stars Inc 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.