Dayspring Christian Academy and Preschool Inc

Analysis

Dayspring Christian Academy and Preschool Inc is a registered charity in United States, based in Jacksonville, FL. It received its IRS tax-exemption ruling in July 2021, 5 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, Dayspring Christian Academy and Preschool Inc reported income of $624k and spending of $652k, spending 104% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $593k to $624k (+5.2%), an average of +2.6% a year. Over the whole period it spent 104% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Dayspring Christian Academy and Preschool Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 76th percentile within FL. Charities of a similar size with the same main cause include Gliding Stars ($624k), Maize Genetics Cooperation Inc ($624k) and Dress for Success Palm Beaches Inc ($624k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 53% and program service revenue 47% of the total. Other salaries and wages came to $235k. At year end it held assets of $6,328 against liabilities of -$9,349, net assets of $16k. It reported 18 employees.

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.