Bright Star Education Group

Analysis

Bright Star Education Group is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in August 2014, 12 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Bright Star Education Group reported income of $3.1m and spending of $6.0m, spending 197% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $772k to $3.1m (+295%), an average of +41% a year. The sharpest change came in the year to June 2020, when income rose by 306%. Over the whole period it spent 162% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Bright Star Education Group sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 90th percentile within CA. Charities of a similar size with the same main cause include Coastal Montessori Charter School ($3.1m), Mercantile Library ($3.1m) and Prairie Creek Community School ($3.1m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 95% of the total. At year end it held assets of $72.7m against liabilities of $62.5m, net assets of $10.2m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.