Bright Star Scanning Services Corp

Analysis

Bright Star Scanning Services Corp is a registered charity in United States, based in Newark, NJ. It received its IRS tax-exemption ruling in January 2009, 17 years ago. Its declared purposes cover employment, which this site groups under community and economic 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 Scanning Services Corp reported income of $821k and spending of $866k, spending 106% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $969k to $821k (-15%), an average of -4.1% a year. The sharpest change came in the year to June 2022, when income rose by 50%. Over the whole period it spent 100% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Bright Star Scanning Services Corp sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 80th percentile within NJ. Charities of a similar size with the same main cause include East Texas Speakers Forum ($819k), Chapel Hill Downtown Partnership Inc ($821k) and Midland Chamber of Commerce Foundation Inc ($819k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $272k (31% of expenses). Other salaries and wages came to $355k. At year end it held assets of $179k against liabilities of $159k, net assets of $20k. It reported 20 employees.