Daystar Adventist Academy

Analysis

Daystar Adventist Academy is a registered charity in United States, based in Castle Valley, UT. It received its IRS tax-exemption ruling in February 1972, 54 years ago. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Daystar Adventist Academy reported income of $936k and spending of $761k, spending 81% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $489k to $936k (+91%), an average of +24% a year. The sharpest change came in the year to June 2022, when income rose by 57%. Over the whole period it spent 86% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Daystar Adventist Academy sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 77th percentile within UT. Charities of a similar size with the same main cause include Christian Community Development ($936k), Chester Education Foundation ($936k) and Childrens Center at the State University of New York at Purchase ($936k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 73% and program service revenue 25% of the total. Compensation of current officers, directors and key employees was $23k (3.1% of expenses). Other salaries and wages came to $157k. At year end it held assets of $1.5m against liabilities of $477k, net assets of $1.0m. It reported 22 employees.