Galaxy Of Stars Events
Galaxy Of Stars Events shows consistent reporting and zero liabilities, but recent years indicate deficit spending.
EIN: 200360160 · Virginia Bch, VA · NTEE: N63 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $3.4M |
| Total Expenses | $466K |
| Program Spending | 70% |
| Net Assets | $150K |
| Transparency Score | 75/100 |
Is Galaxy Of Stars Events Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Galaxy Of Stars Events directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Galaxy Of Stars Events
Galaxy Of Stars Events (EIN: 200360160) is a nonprofit organization based in Virginia Bch, VA, classified under NTEE code N63. The organization reported total revenue of $3.4M and total assets of $135K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Galaxy Of Stars Events's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Galaxy Of Stars Events is a mid-size nonprofit that has been operating for 18 years, with 12 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 7.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $420K |
| Total Expenses | $466K |
| Surplus / Deficit | $-45,603 |
| Total Assets | $150K |
| Net Assets | $150K |
| Operating Margin | -10.9% |
| Months of Reserves | 3.9 months |
Financial Health Grade: B
In 2023, Galaxy Of Stars Events reported a deficit of $46K with expenses exceeding revenue, holds 3.9 months of operating reserves (adequate).
Financial Trends
Over 12 years of filings (2010–2023), Galaxy Of Stars Events's revenue has grown at a compound annual growth rate (CAGR) of 7.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +15.8% | -5.1% | -23.3% |
| 2022 | -39.1% | -21.7% | -39.6% |
| 2021 | +21.3% | +96.9% | -8.7% |
| 2020 | +2.5% | -19.9% | +95.4% |
| 2019 | +36.3% | +19.2% | +82.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2008 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Galaxy Of Stars Events with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, Galaxy Of Stars Events allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $46K, with expenses exceeding revenue.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, suggesting either a volunteer-led executive team or compensation levels below IRS reporting thresholds, which is a positive indicator for minimizing overhead costs.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Galaxy Of Stars Events's IRS 990 filings:
- Expenses consistently exceeding revenue in recent periods (e.g., 202312, 202212)
- Declining asset base in recent years (from $323,794 in 202112 to $150,130 in 202312)
Strengths
The following positive indicators were identified for Galaxy Of Stars Events:
- Consistent IRS 990 filing history (12 filings) indicating transparency
- Consistently reports zero liabilities, demonstrating strong financial management regarding debt
- 0% reported officer compensation across all filings, suggesting efficient leadership costs
Frequently Asked Questions about Galaxy Of Stars Events
Is Galaxy Of Stars Events a legitimate charity?
Galaxy Of Stars Events (EIN: 200360160) is a registered tax-exempt nonprofit based in Virginia. Our AI analysis gives it a Mission Score of 75/100. It has 12 years of IRS 990 filings on record. Total revenue: $3.4M. 2 red flags identified. 3 strengths noted. Financial health grade: B.
How does Galaxy Of Stars Events spend its money?
Galaxy Of Stars Events directs 70% of its spending to programs and services. Fundraising costs 10%. This meets the 65% industry benchmark.
Are donations to Galaxy Of Stars Events tax-deductible?
Galaxy Of Stars Events is registered as a tax-exempt nonprofit (EIN: 200360160). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Galaxy Of Stars Events's spending goes to programs?
Galaxy Of Stars Events directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
How does Galaxy Of Stars Events compare to similar nonprofits?
With a transparency score of 75/100 (Good), Galaxy Of Stars Events is above average for NTEE category N63 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Galaxy Of Stars Events located?
Galaxy Of Stars Events is headquartered in Virginia Bch, Virginia and files with the IRS under EIN 200360160. It is classified under NTEE code N63.
How many years of IRS 990 filings does Galaxy Of Stars Events have?
Galaxy Of Stars Events has 12 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $3.4M in total revenue.
Why have expenses exceeded revenue in recent years (e.g., 202312, 202212)?
The provided data shows that in periods like 202312 and 202212, the organization's expenses ($465,743 and $491,030 respectively) were higher than its revenues ($420,140 and $362,969). This indicates operational deficits that could draw down reserves if sustained.
What is the detailed breakdown of program, administrative, and fundraising expenses?
The summary data does not provide a detailed breakdown of how expenses are allocated among programs, administration, and fundraising. This information is crucial for assessing spending efficiency and impact.
How does the organization manage to maintain zero liabilities despite operational deficits?
The consistent reporting of $0 liabilities across all filings, even in years with deficit spending, suggests that the organization is either covering shortfalls from existing assets or receiving timely, unrestricted funding that prevents the accumulation of debt.
What is the reason for the fluctuation in assets over the years?
Assets have varied significantly, from $37,436 in 201212 to a peak of $354,626 in 202012, and then declining to $150,130 in 202312. This fluctuation could be due to investment performance, capital expenditures, or the impact of operational surpluses/deficits.
Filing History
IRS 990 filing history for Galaxy Of Stars Events showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2010–2023), Galaxy Of Stars Events's revenue has grown by 158.6%, moving from $162K to $420K. Total assets increased by 693.3% over the same period, from $19K to $150K. Total functional expenses rose by 224.1%, from $144K to $466K. In its most recent filing year (2023), Galaxy Of Stars Events reported a deficit of $46K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $420K | $466K | $150K | $0 | — | — |
| 2022 | $363K | $491K | $196K | $0 | — | View 990 |
| 2021 | $596K | $627K | $324K | $0 | — | View 990 |
| 2020 | $492K | $318K | $355K | $0 | — | View 990 |
| 2019 | $479K | $397K | $181K | $0 | — | View 990 |
| 2018 | $352K | $333K | $99K | $0 | — | — |
| 2015 | $272K | $269K | $81K | $0 | — | View 990 |
| 2014 | $293K | $278K | $79K | $0 | — | View 990 |
| 2013 | $273K | $246K | $64K | $0 | — | View 990 |
| 2012 | $298K | $314K | $37K | $0 | — | View 990 |
| 2011 | $308K | $274K | $53K | $0 | — | View 990 |
| 2010 | $162K | $144K | $19K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $420K, expenses of $466K, and assets of $150K (revenue +15.8% year-over-year).
- 2022: Revenue of $363K, expenses of $491K, and assets of $196K (revenue -39.1% year-over-year).
- 2021: Revenue of $596K, expenses of $627K, and assets of $324K (revenue +21.3% year-over-year).
- 2020: Revenue of $492K, expenses of $318K, and assets of $355K (revenue +2.5% year-over-year).
- 2019: Revenue of $479K, expenses of $397K, and assets of $181K (revenue +36.3% year-over-year).
- 2018: Revenue of $352K, expenses of $333K, and assets of $99K (revenue +29.4% year-over-year).
- 2015: Revenue of $272K, expenses of $269K, and assets of $81K (revenue -7.4% year-over-year).
- 2014: Revenue of $293K, expenses of $278K, and assets of $79K (revenue +7.6% year-over-year).
- 2013: Revenue of $273K, expenses of $246K, and assets of $64K (revenue -8.6% year-over-year).
- 2012: Revenue of $298K, expenses of $314K, and assets of $37K (revenue -3.2% year-over-year).
- 2011: Revenue of $308K, expenses of $274K, and assets of $53K (revenue +89.6% year-over-year).
- 2010: Revenue of $162K, expenses of $144K, and assets of $19K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Galaxy Of Stars Events:
Data Sources and Methodology
This transparency report for Galaxy Of Stars Events is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.