Daybreak Inc

Analysis

Daybreak Inc is a registered charity in United States, based in Columbia, SC. It received its IRS tax-exemption ruling in September 1985, 41 years ago. Its declared purposes cover civil rights, social action and advocacy, which this site groups under human rights and equality. 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 2022, Daybreak Inc reported income of $411k and spending of $347k, spending 84% of its income. Across the 4 years on record, from December 2019 to December 2022, income fell from $518k to $411k (-21%), an average of -7.4% a year. The sharpest change came in the year to December 2020, when income dropped by 29%. Over the whole period it spent 93% of the income it received.

Among 9,611 United States charities whose main cause is human rights and equality and that reported income, Daybreak Inc sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 72nd percentile within SC. Charities of a similar size with the same main cause include Mesilla Valley Casa Inc ($410k), Centro de LA Familia ($411k) and Vcfamilia ($410k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 78% of the total. Compensation of current officers, directors and key employees was $90k (26% of expenses). Other salaries and wages came to $59k. At year end it held assets of $1.4m against liabilities of $2,990, net assets of $1.4m.