Dayspring Bible College and Seminary Inc

Analysis

Dayspring Bible College and Seminary Inc is a registered charity in United States, based in Lake Zurich, IL. It received its IRS tax-exemption ruling in April 2001, 25 years ago. Its declared purposes cover education, which this site groups under education and training. 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 2024, Dayspring Bible College and Seminary Inc reported income of $1.4m and spending of $1.4m, spending 101% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $1.3m to $1.4m (+4.2%), an average of +1.0% a year. The sharpest change came in the year to June 2024, when income rose by 19%. Over the whole period it spent 100% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Dayspring Bible College and Seminary Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 82nd percentile within IL. Charities of a similar size with the same main cause include Backyard Sports Cares Inc ($1.4m), National Academy of Design ($1.4m) and North Idaho College Foundation Inc ($1.4m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 51% and program service revenue 49% of the total. Other salaries and wages came to $625k. At year end it held assets of $147k against liabilities of $55k, net assets of $92k. It reported 26 employees.