Daystar Life Inc

Analysis

Daystar Life Inc is a registered charity in United States, based in St Petersburg, FL. It received its IRS tax-exemption ruling in February 1995, 31 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 August 2023, Daystar Life Inc reported income of $2.2m and spending of $2.4m, spending 109% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income fell from $2.7m to $2.2m (-20%), an average of -5.4% a year. The sharpest change came in the year to August 2020, when income dropped by 25%. Over the whole period it spent 87% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Daystar Life Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 88th percentile within FL. Charities of a similar size with the same main cause include Chosen Children Ministries ($2.2m), Franklinton Association for Challenged Citizens Inc ($2.2m) and Good Child Development Center Inc ($2.2m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 99% of the total. Other salaries and wages came to $321k. At year end it held assets of $4.4m against liabilities of $69k, net assets of $4.3m. It reported 8 employees.