Daystar Counseling Ministries Inc

Analysis

Daystar Counseling Ministries Inc is a registered charity in United States, based in Nashville, TN. It received its IRS tax-exemption ruling in September 1987, 39 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 July 2023, Daystar Counseling Ministries Inc reported income of $4.1m and spending of $3.2m, leaving 23% of income unspent that year. Across the 5 years on record, from July 2019 to July 2023, income grew from $2.3m to $4.1m (+77%), an average of +15% a year. The sharpest change came in the year to July 2022, when income rose by 39%. Over the whole period it spent 83% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Daystar Counseling Ministries Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 92nd percentile within TN. Charities of a similar size with the same main cause include Westminster Christian Academy Inc ($4.1m), United Way of Central Minnesota ($4.1m) and Meals on Wheels of Northwest Indiana Inc ($4.1m).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 62% and program service revenue 39% of the total. Compensation of current officers, directors and key employees was $132k (4.2% of expenses). Other salaries and wages came to $1.7m. At year end it held assets of $5.3m against liabilities of $67k, net assets of $5.2m. It reported 39 employees.