Dayspring Christian Academy

Analysis

Dayspring Christian Academy is a registered charity in United States, based in Greeley, CO. It received its IRS tax-exemption ruling in December 1975, 51 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Dayspring Christian Academy reported income of $7.8m and spending of $6.8m, spending 87% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $4.7m to $7.8m (+66%), an average of +18% a year. The sharpest change came in the year to June 2023, when income rose by 25%. Over the whole period it spent 93% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Dayspring Christian Academy sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 95th percentile within CO. Charities of a similar size with the same main cause include Gateway Preparatory Academy ($7.8m), Indian River Charter High School Inc ($7.8m) and Bronx Global Learning Institute for Girls ($7.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 31% and program service revenue 69% of the total. Compensation of current officers, directors and key employees was $88k (1.3% of expenses). Other salaries and wages came to $2.7m. It paid $128k in professional fundraising fees. At year end it held assets of $2.9m against liabilities of $382k, net assets of $2.6m. It reported 162 employees.