Day Spring Woods Inc

Analysis

Day Spring Woods Inc is a registered charity in United States, based in Louisville, KY. It received its IRS tax-exemption ruling in December 2005, 21 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2024, Day Spring Woods Inc reported income of $73k and spending of $112k, spending 153% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $46k to $73k (+59%), an average of +12% a year. The sharpest change came in the year to June 2023, when income rose by 77%. Over the whole period it spent 226% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Day Spring Woods 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 29th percentile, and in the 27th percentile within KY. Charities of a similar size with the same main cause include Childrens Housing Corporation ($73k), Goodknight the Clubhouse Inc ($73k) and Identiversity Inc ($73k).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 95% of the total. At year end it held assets of $568k against liabilities of $212k, net assets of $356k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.