Bright Star Community Outreach Corporation

Analysis

Bright Star Community Outreach Corporation is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in July 2012, 14 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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 June 2023, Bright Star Community Outreach Corporation reported income of $6.8m and spending of $5.4m, spending 80% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.5m to $6.8m (+346%), an average of +45% a year. The sharpest change came in the year to June 2020, when income rose by 264%. Over the whole period it spent 93% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Bright Star Community Outreach Corporation sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 93rd percentile within IL. Charities of a similar size with the same main cause include Camp Rainbow Gold Inc ($6.8m), Stanislaus County Police Activities League ($6.8m) and Boys & Girls Clubs of San Antonio Texas ($6.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 77% of the total. Compensation of current officers, directors and key employees was $103k (1.9% of expenses). Other salaries and wages came to $3.1m. At year end it held assets of $2.8m against liabilities of $348k, net assets of $2.5m. It reported 132 employees.