Dayspring Foundation

Analysis

Dayspring Foundation is a registered charity in United States, based in Greeley, CO. It received its IRS tax-exemption ruling in December 1991, 35 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Dayspring Foundation reported income of $3.7m and spending of $990k, leaving 73% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $484k to $3.7m (+658%), an average of +66% a year. The sharpest change came in the year to June 2020, when income rose by 252%. Over the whole period it spent 43% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Dayspring Foundation 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 CO. Charities of a similar size with the same main cause include Visiting Nurse Assocation of the Midlands ($3.7m), YWCA Pierce County ($3.7m) and South Sound Christian Schools ($3.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 87% of the total. At year end it held assets of $16.4m against liabilities of $4.7m, net assets of $11.7m.