Daymark Inc

Analysis

Daymark Inc is a registered charity in United States, based in Charleston, WV. It received its IRS tax-exemption ruling in March 1976, 50 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 2024, Daymark Inc reported income of $2.9m and spending of $2.9m, spending 101% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $2.3m to $2.9m (+27%), an average of +6.1% a year. The sharpest change came in the year to June 2022, when income rose by 19%. Over the whole period it spent 94% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Daymark Inc sits at the 87th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 88th percentile within WV. Charities of a similar size with the same main cause include Claremont Neighborhood Centers Inc ($2.9m), Kanawha Valley Collective Inc ($2.9m) and Southwest Economic Solutions ($2.9m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 7.0% and program service revenue 88% of the total. Compensation of current officers, directors and key employees was $138k (4.7% of expenses). Other salaries and wages came to $1.7m. At year end it held assets of $2.6m against liabilities of $381k, net assets of $2.2m. It reported 47 employees.