Dayforce Cares US

Analysis

Dayforce Cares US is a registered charity in United States, based in Bloomington, MN. It received its IRS tax-exemption ruling in July 2017, 9 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 March 2023, Dayforce Cares US reported income of $472k and spending of $429k, spending 91% of its income. Across the 5 years on record, from March 2019 to March 2023, income fell from $526k to $472k (-10%), an average of -2.7% a year. The sharpest change came in the year to March 2022, when income dropped by 26%. Over the whole period it spent 93% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Dayforce Cares US sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 68th percentile within MN. Charities of a similar size with the same main cause include American Friends of Kehillat Nofei Hashemesh ($472k), United Way of Posey County Inc ($472k) and Acme Smoked Fish Foundation Inc ($471k).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 98% of the total. At year end it held assets of $383k against liabilities of $104k, net assets of $279k.