Blackstar Organization

Analysis

Blackstar Organization is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in September 2021, 5 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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 January 2024, Blackstar Organization reported income of $100k and spending of $100k, spending 100% of its income. Across the 2 years on record, from January 2023 to January 2024, income grew from $63k to $100k (+58%), an average of +58% a year. The sharpest change came in the year to January 2024, when income rose by 58%. Over the whole period it spent 88% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Blackstar Organization sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 39th percentile within CA. Charities of a similar size with the same main cause include Tri-County Rod and Gun Club Inc ($100k), CT Pan Foundation ($100k) and USA Working Equitation ($100k).

On its Form 990-EZ for the period ending January 2024, revenue came from contributions and grants 52% and program service revenue 14% of the total. At year end it held assets of $19k against liabilities of $0, net assets of $19k.