Bright Star Foundation

Analysis

Bright Star Foundation is a registered charity in United States, based in Las Vegas, NV. It received its IRS tax-exemption ruling in November 2015, 11 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 reported income of $248k and spending of $339k, spending 136% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $915k to $248k (-73%), an average of -48% a year. The sharpest change came in the year to December 2022, when income dropped by 72%. Over the whole period it spent 68% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Bright Star Foundation sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 63rd percentile within NV. Charities of a similar size with the same main cause include Faith Prayer & Tract League ($248k), Oklahoma Capitol Culture Inc ($248k) and Know the Truth International Ministries Inc ($248k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 9.3% and program service revenue 91% of the total. Other salaries and wages came to $50k. At year end it held assets of $2.1m against liabilities of $1.4m, net assets of $672k. It reported 1 employees.