Bright Star Stables

Analysis

Bright Star Stables is a registered charity in United States, based in Rougemont, NC. It received its IRS tax-exemption ruling in December 2010, 16 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 Stables reported income of $87k and spending of $97k, spending 111% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $143k to $87k (-39%), an average of -39% a year. The sharpest change came in the year to December 2023, when income dropped by 39%. Over the whole period it spent 93% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Bright Star Stables 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 33rd percentile, and in the 31st percentile within NC. Charities of a similar size with the same main cause include Heroes Hunting Foundation ($87k), Sergents Way Inc ($87k) and Berkshire Community Diaper Project Inc ($87k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 68% and program service revenue 30% of the total. At year end it held assets of $138k against liabilities of $0, net assets of $138k.