Day Eight

Analysis

Day Eight is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in September 2017, 9 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 December 2023, Day Eight reported income of $430k and spending of $434k, spending 101% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $316k to $430k (+36%), an average of +11% a year. The sharpest change came in the year to December 2023, when income rose by 66%. Over the whole period it spent 101% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Day Eight sits at the 75th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 41st percentile within DC. Charities of a similar size with the same main cause include Theatre of the Emerging American Moment ($430k), The Discovery Orchestra Inc ($430k) and Cat Association ($430k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% and program service revenue 1.1% of the total. Compensation of current officers, directors and key employees was $76k (17% of expenses). At year end it held assets of $51k against liabilities of $0, net assets of $51k. It reported 1 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.