Daystar Foundation and Library Inc

Analysis

Daystar Foundation and Library Inc is a registered charity in United States, based in Oklahoma City, OK. It received its IRS tax-exemption ruling in August 1999, 27 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 December 2023, Daystar Foundation and Library Inc reported income of $3.6m and spending of $2.3m, leaving 36% of income unspent that year. Across the 6 years on record, from December 2018 to December 2023, income grew from $3.5m to $3.6m (+3.3%), an average of +0.6% a year. The sharpest change came in the year to December 2020, when income dropped by 25%. Over the whole period it spent 67% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Daystar Foundation and Library Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within OK. Charities of a similar size with the same main cause include Aletheia Christian Private School Inc ($3.6m), Triad Family Services ($3.6m) and Georgia Infirmary Inc ($3.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $281k (12% of expenses). Other salaries and wages came to $344k. At year end it held assets of $22.7m against liabilities of $137k, net assets of $22.5m. It reported 6 employees.