Dayspring Center Inc

Analysis

Dayspring Center Inc is a registered charity in United States, based in Indianapolis, IN. It received its IRS tax-exemption ruling in May 1991, 35 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 Center Inc reported income of $762k and spending of $1.4m, spending 181% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $732k to $762k (+4.0%), an average of +1.0% a year. The sharpest change came in the year to December 2022, when income rose by 49%. Over the whole period it spent 125% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Dayspring Center Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 76th percentile within IN. Charities of a similar size with the same main cause include Kiwanis Heritage Inc ($761k), Telacu Hacienda ($762k) and President Woodrow Wilson Manor ($761k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $125k (9.1% of expenses). At year end it held assets of $1.4m against liabilities of $28k, net assets of $1.4m. It reported 41 employees.