Bright Starz Learning Center

Analysis

Bright Starz Learning Center is a registered charity in United States, based in Burlington, NC. It received its IRS tax-exemption ruling in April 2018, 8 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2022, Bright Starz Learning Center reported income of $546k and spending of $588k, spending 108% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income grew from $412k to $546k (+33%), an average of +9.8% a year. The sharpest change came in the year to December 2022, when income rose by 31%. Over the whole period it spent 99% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Bright Starz Learning Center sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 71st percentile within NC. Charities of a similar size with the same main cause include Emmanuel Hospital Association- North American Fellowship ($546k), Childrens Village and Family Service Agency Inc ($546k) and Cole Gordons the Helping Hand Foundation Inc ($546k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 31% and program service revenue 68% of the total. Compensation of current officers, directors and key employees was $62k (11% of expenses). Other salaries and wages came to $271k. At year end it held assets of $25k against liabilities of $8,430, net assets of $17k. It reported 18 employees.