Daydream Sunshine Initiative

Analysis

Daydream Sunshine Initiative is a registered charity in United States, based in Bowie, MD. It received its IRS tax-exemption ruling in August 2021, 5 years ago. Its declared purposes cover diseases, disorders and medical disciplines, which this site groups under health and saving lives. 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, Daydream Sunshine Initiative reported income of $1.3m and spending of $1.2m, spending 97% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $112k to $1.3m (+1030%), an average of +236% a year. The sharpest change came in the year to December 2022, when income rose by 515%. Over the whole period it spent 119% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Daydream Sunshine Initiative 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 82nd percentile, and in the 81st percentile within MD. Charities of a similar size with the same main cause include Mental Health Association in Passaic ($1.3m), Nyack Community Ambulance Corps Inc ($1.3m) and Hanover Domestic Violence Task Force Inc ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 27% and program service revenue 73% of the total. Compensation of current officers, directors and key employees was $274k (22% of expenses). Other salaries and wages came to $599k. At year end it held assets of $231k against liabilities of $191k, net assets of $40k. It reported 12 employees.