Daystar Education Association

Analysis

Daystar Education Association is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in February 1998, 28 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 July 2024, Daystar Education Association reported income of $4.2m and spending of $4.0m, spending 95% of its income. Across the 5 years on record, from July 2020 to July 2024, income fell from $4.5m to $4.2m (-7.3%), an average of -1.9% a year. The sharpest change came in the year to July 2021, when income dropped by 24%. Over the whole period it spent 97% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Daystar Education Association sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 91st percentile within IL. Charities of a similar size with the same main cause include The College of Staten Island Association Inc ($4.2m), Heartland Christian Schools Inc ($4.2m) and Democratic Schools Research Inc ($4.2m).

On its Form 990 for the period ending July 2024, revenue came from contributions and grants 12% and program service revenue 85% of the total. Compensation of current officers, directors and key employees was $66k (1.7% of expenses). Other salaries and wages came to $2.2m. At year end it held assets of $9.9m against liabilities of $6.4m, net assets of $3.5m. It reported 55 employees.