Daymark Recovery Services Inc

Analysis

Daymark Recovery Services Inc is a registered charity in United States, based in Salisbury, NC. It received its IRS tax-exemption ruling in June 2005, 21 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a hospital or medical research organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Daymark Recovery Services Inc reported income of $97.8m and spending of $86.9m, spending 89% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $60.9m to $97.8m (+61%), an average of +9.9% a year. The sharpest change came in the year to June 2023, when income rose by 27%. Over the whole period it spent 93% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Daymark Recovery Services Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 100th percentile within NC. Charities of a similar size with the same main cause include Community Hospital of Brazosport ($97.7m), Virginia Garcia Memorial Health Center ($97.8m) and Visiting Nursing Association of Western New York Inc ($97.6m).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 99% of the total. Compensation of current officers, directors and key employees was $51.2m (59% of expenses). At year end it held assets of $59.7m against liabilities of $12.3m, net assets of $47.4m. It reported 1,208 employees.