Daybreak Independent Service Inc

Analysis

Daybreak Independent Service Inc is a registered charity in United States, based in Bronx, NY. It received its IRS tax-exemption ruling in October 2010, 16 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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 June 2023, Daybreak Independent Service Inc reported income of $11.6m and spending of $11.4m, spending 98% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $7.9m to $11.6m (+47%), an average of +10% a year. The sharpest change came in the year to June 2022, when income rose by 66%. Over the whole period it spent 98% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Daybreak Independent Service Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 94th percentile within NY. Charities of a similar size with the same main cause include South Middlesex Non-Profit Housing Corporation ($11.6m), Neighborhood House ($11.6m) and John Paul II Shrine and Institute Inc ($11.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 1.0% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $439k (3.8% of expenses). Other salaries and wages came to $6.2m. At year end it held assets of $9.5m against liabilities of $7.1m, net assets of $2.4m. It reported 228 employees.