Galaxy of Stars Events

Analysis

Galaxy of Stars Events is a registered charity in United States, based in Virginia BCH, VA. It received its IRS tax-exemption ruling in February 2008, 18 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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, Galaxy of Stars Events reported income of $420k and spending of $466k, spending 111% of what it took in. Across the 6 years on record, from December 2018 to December 2023, income grew from $352k to $420k (+19%), an average of +3.6% a year. The sharpest change came in the year to December 2022, when income dropped by 39%. Over the whole period it spent 97% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Galaxy of Stars Events sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 67th percentile within VA. Charities of a similar size with the same main cause include Lifehouse Child Advocacy Center Inc ($420k), Stma Youth Baseball Association Inc ($420k) and Sher-E-Punjab Sports & Cultural Society Inc ($420k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 11% of the total. Other salaries and wages came to $6,348. At year end it held assets of $150k against liabilities of $0, net assets of $150k. It reported 2 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.