Gold Star Academy

Analysis

Gold Star Academy is a registered charity in United States, based in Spring, TX. It received its IRS tax-exemption ruling in October 2021, 5 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Gold Star Academy reported income of $1.0m and spending of $984k, spending 94% of its income. Across the 3 years on record, from December 2021 to December 2023, income fell from $1.5m to $1.0m (-31%), an average of -17% a year. The sharpest change came in the year to December 2023, when income dropped by 28%. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Gold Star Academy sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 84th percentile within TX. Charities of a similar size with the same main cause include Kansas Grazing Lands Coalition Inc ($1.0m), American Association of Childrens Residental Centers ($1.0m) and Safe Space Inc ($1.0m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $479k. At year end it held assets of $150k against liabilities of $118k, net assets of $32k.