One Bright Star

Analysis

One Bright Star is a registered charity in United States, based in Mankato, MN. It received its IRS tax-exemption ruling in September 1999, 27 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 2023, One Bright Star reported income of $68k and spending of $50k, leaving 27% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $60k to $68k (+14%), an average of +14% a year. Over the whole period it spent 68% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, One Bright Star sits at the 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 27th percentile, and in the 23rd percentile within MN. Charities of a similar size with the same main cause include Bridge International ($68k), Caribou Cares Inc ($68k) and Troy Masonic Community Center Ltd ($68k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 14% and program service revenue 4.3% of the total. At year end it held assets of $188k against liabilities of $1,500, net assets of $186k.