Dayspring Programs Inc

Analysis

Dayspring Programs Inc is a registered charity in United States, based in Baltimore, MD. It received its IRS tax-exemption ruling in October 1997, 29 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 2023, Dayspring Programs Inc reported income of $6.9m and spending of $7.3m, spending 107% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $8.1m to $6.9m (-15%), an average of -4.1% a year. Over the whole period it spent 101% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Dayspring Programs Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 93rd percentile within MD. Charities of a similar size with the same main cause include Kirkland Crossings Inc ($6.9m), Data Quality Campaign ($6.9m) and Carc Inc ($6.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% and program service revenue 0.7% of the total. Compensation of current officers, directors and key employees was $114k (1.6% of expenses). Other salaries and wages came to $3.2m. At year end it held assets of $9.0m against liabilities of $3.5m, net assets of $5.5m. It reported 109 employees.