Daystar Institute NM Inc

Analysis

Daystar Institute NM Inc is a registered charity in United States, based in Albuquerque, NM. It received its IRS tax-exemption ruling in August 2015, 11 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Daystar Institute NM Inc reported income of $131k and spending of $140k, spending 108% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income grew from $97k to $131k (+34%), an average of +16% a year. The sharpest change came in the year to December 2023, when income rose by 29%. Over the whole period it spent 106% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Daystar Institute NM Inc sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 40th percentile within NM. Charities of a similar size with the same main cause include Believe in His Name ($131k), Irav Ministry Inc ($131k) and Aviation Radio Missionary Services Inc ($131k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $2,283 against liabilities of $0, net assets of $2,283.

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.