Bright Star Schools

Analysis

Bright Star Schools is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in March 2004, 22 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 Schools reported income of $116.4m and spending of $72.2m, leaving 38% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $47.7m to $116.4m (+144%), an average of +25% a year. The sharpest change came in the year to June 2023, when income rose by 65%. Over the whole period it spent 80% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Bright Star Schools sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within CA. Charities of a similar size with the same main cause include Agora Cyber Charter School Hope B Hague ($116.3m), Allegheny College ($116.6m) and Marywood University ($116.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 96% of the total. Compensation of current officers, directors and key employees was $809k (1.1% of expenses). Other salaries and wages came to $34.1m. At year end it held assets of $176.5m against liabilities of $106.2m, net assets of $70.3m. It reported 637 employees.