Bright Star Foundation Inc

Analysis

Bright Star Foundation Inc is a registered charity in United States, based in Kokomo, IN. It received its IRS tax-exemption ruling in April 2009, 17 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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, Bright Star Foundation Inc reported income of $83k and spending of $138k, spending 167% of what it took in. Across the 3 years on record, from December 2020 to December 2023, income fell from $211k to $83k (-61%), an average of -37% a year. The sharpest change came in the year to December 2023, when income dropped by 64%. Over the whole period it spent 95% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Bright Star Foundation Inc sits at the 29th percentile: it is larger than about 29% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 29th percentile within IN. Charities of a similar size with the same main cause include Love Deaf Haiti ($83k), A Voice for Children ($83k) and Foundation for Democracy of Vietnam ($83k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $33k against liabilities of $0, net assets of $33k.