Daystay HBC Inc

Analysis

Daystay HBC Inc is a registered charity in United States, based in Candler, NC. It received its IRS tax-exemption ruling in October 2003, 23 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 December 2023, Daystay HBC Inc reported income of $164k and spending of $83k, leaving 49% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $151k to $164k (+8.5%), an average of +2.1% a year. The sharpest change came in the year to December 2023, when income rose by 105%. Over the whole period it spent 99% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Daystay HBC Inc sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 47th percentile within NC. Charities of a similar size with the same main cause include Vandemataram Foundation USA Inc ($164k), Kickin Childhood Hunger Inc ($164k) and Pelican Cove Counseling Center ($164k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 80% and program service revenue 15% of the total. At year end it held assets of $206k against liabilities of $10, net assets of $206k.