Day Spring Foundation Inc

Analysis

Day Spring Foundation Inc is a registered charity in United States, based in Louisville, KY. It received its IRS tax-exemption ruling in January 1997, 29 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Day Spring Foundation Inc reported income of $405k and spending of $152k, leaving 62% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $391k to $405k (+3.5%), an average of +0.9% a year. The sharpest change came in the year to June 2022, when income rose by 37%. Over the whole period it spent 60% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Day Spring Foundation Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 68th percentile within KY. Charities of a similar size with the same main cause include Otsego County United Way Inc ($405k), Citizens Foundation ($405k) and Foundation for Christian Schools ($405k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 53% of the total. Other salaries and wages came to $21k. At year end it held assets of $2.3m against liabilities of $7,779, net assets of $2.3m.