Dayspring Health Inc

Analysis

Dayspring Health Inc is a registered charity in United States, based in Jellico, TN. It received its IRS tax-exemption ruling in June 1977, 49 years ago. 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 January 2024, Dayspring Health Inc reported income of $11.6m and spending of $11.1m, spending 95% of its income. Across the 5 years on record, from January 2020 to January 2024, income grew from $8.1m to $11.6m (+43%), an average of +9.4% a year. The sharpest change came in the year to January 2023, when income rose by 24%. Over the whole period it spent 90% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Dayspring Health Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within TN. Charities of a similar size with the same main cause include Robert F Kennedy Center for Justice and Human Rights ($11.6m), Hill Country Transit District ($11.6m) and Jewish Family Services of Washtenaw County Inc ($11.6m).

On its Form 990 for the period ending January 2024, revenue came from contributions and grants 36% and program service revenue 52% of the total. Compensation of current officers, directors and key employees was $577k (5.2% of expenses). Other salaries and wages came to $4.8m. At year end it held assets of $40.5m against liabilities of $33.2m, net assets of $7.3m. It reported 114 employees.