Day One

Analysis

Day One is a registered charity in United States, based in Providence, RI. It received its IRS tax-exemption ruling in December 1979, 47 years ago. 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, Day One reported income of $3.2m and spending of $3.6m, spending 112% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $3.8m to $3.2m (-15%), an average of -4.1% a year. The sharpest change came in the year to December 2021, when income rose by 35%. Over the whole period it spent 91% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Day One sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 86th percentile within RI. Charities of a similar size with the same main cause include Boys and Girls Club of Lake Tahoe ($3.2m), Grace Christian School ($3.2m) and Harmonia Collaborative Care Inc ($3.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 90% and program service revenue 8.7% of the total. Compensation of current officers, directors and key employees was $366k (10% of expenses). Other salaries and wages came to $2.0m. It paid $13k in professional fundraising fees. At year end it held assets of $5.0m against liabilities of $1.4m, net assets of $3.6m. It reported 49 employees.