Daystar Inc

Analysis

Daystar Inc is a registered charity in United States, based in Davie, FL. It received its IRS tax-exemption ruling in September 1966, 60 years ago. Its declared purposes cover health care, 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 September 2023, Daystar Inc reported income of $1.9m and spending of $2.7m, spending 142% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $1.9m to $1.9m (-1.3%), an average of -0.3% a year. The sharpest change came in the year to September 2021, when income rose by 234%. Over the whole period it spent 64% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Daystar Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 87th percentile within FL. Charities of a similar size with the same main cause include Pluta Cancer Center Foundation Inc ($1.9m), Communities Lifting Communities ($1.9m) and Legacy Counseling Center Inc ($1.9m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 67% and program service revenue 35% of the total. Compensation of current officers, directors and key employees was $103k (3.8% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $13.5m against liabilities of $133k, net assets of $13.4m. It reported 31 employees.