Dayspring Residents Encounter Christ Inc

Analysis

Dayspring Residents Encounter Christ Inc is a registered charity in United States, based in New Albany, IN. It received its IRS tax-exemption ruling in August 2024, 2 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 December 2023, Dayspring Residents Encounter Christ Inc reported income of $58k and spending of $63k, spending 109% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income grew from $20k to $58k (+193%), an average of +43% a year. The sharpest change came in the year to December 2022, when income rose by 766%. Over the whole period it spent 90% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Dayspring Residents Encounter Christ 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 23rd percentile, and in the 19th percentile within IN. Charities of a similar size with the same main cause include Experiencing God Christianfellowship Inc ($58k), Iglesia Cristiana Sinai Inc ($58k) and Digital Missions International ($58k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 9.5% and program service revenue 90% of the total. At year end it held assets of $15k against liabilities of $0, net assets of $15k.