Daybreak Arts

Analysis

Daybreak Arts is a registered charity in United States, based in Nashville, TN. It received its IRS tax-exemption ruling in July 2014, 12 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2024, Daybreak Arts reported income of $229k and spending of $208k, spending 91% of its income. Across the 3 years on record, from June 2022 to June 2024, income grew from $218k to $229k (+4.9%), an average of +2.4% a year. Over the whole period it spent 86% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Daybreak Arts sits at the 57th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 57th percentile within TN. Charities of a similar size with the same main cause include Ellen Curry Foundation ($229k), Parent Booster USA Inc ($229k) and Circle de Luz Inc ($229k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 90% and program service revenue 8.8% of the total. Compensation of current officers, directors and key employees was $48k (23% of expenses). Other salaries and wages came to $85k. At year end it held assets of $190k against liabilities of $0, net assets of $190k. It reported 4 employees.