Brightstar Wisconsin Foundation Inc

Analysis

Brightstar Wisconsin Foundation Inc is a registered charity in United States, based in Milwaukee, WI. It received its IRS tax-exemption ruling in November 2013, 13 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. The IRS classifies it as a supporting organisation (type iii functionally integrated) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Brightstar Wisconsin Foundation Inc reported income of $62k and spending of $437k, spending 702% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $481k to $62k (-87%), an average of -40% a year. The sharpest change came in the year to December 2020, when income rose by 183%. Over the whole period it spent 54% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Brightstar Wisconsin Foundation Inc sits at the 25th percentile: it is larger than about 25% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 22nd percentile within WI. Charities of a similar size with the same main cause include Aauw Saint George Branch ($62k), Michigan World Language Association ($62k) and California Veteran Entrepreneurs Inc ($62k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 693% of the total. Compensation of current officers, directors and key employees was $327k (75% of expenses). Other salaries and wages came to $13k. At year end it held assets of $9.8m against liabilities of $16k, net assets of $9.8m. It reported 3 employees.