Day Spring Inc

Analysis

Day Spring Inc is a registered charity in United States, based in Louisville, KY. It received its IRS tax-exemption ruling in September 1991, 35 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2024, Day Spring Inc reported income of $4.3m and spending of $4.7m, spending 109% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income fell from $5.3m to $4.3m (-19%), an average of -5.1% a year. Over the whole period it spent 107% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Day Spring Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 91st percentile within KY. Charities of a similar size with the same main cause include Backpack Beginnings ($4.3m), City Mission-Living Stones ($4.3m) and Valdosta-Lowndes County Family YMCA ($4.3m).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 97% of the total. Other salaries and wages came to $2.8m. At year end it held assets of $762k against liabilities of $522k, net assets of $240k. It reported 110 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.