Day Spring Baxter Avenue Inc

Analysis

Day Spring Baxter Avenue Inc is a registered charity in United States, based in Louisville, KY. It received its IRS tax-exemption ruling in January 1999, 27 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 Baxter Avenue Inc reported income of $153k and spending of $194k, spending 127% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $123k to $153k (+25%), an average of +5.7% a year. The sharpest change came in the year to June 2023, when income rose by 31%. Over the whole period it spent 157% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Day Spring Baxter Avenue Inc sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 47th percentile within KY. Charities of a similar size with the same main cause include Sheldon Terrace Supportive Housing Corporation ($153k), Joyful Bird Ministries ($153k) and E I H Bayview Inc ($153k).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 99% of the total. At year end it held assets of $435k against liabilities of $393k, net assets of $42k.

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.