Day 1 Academies

Analysis

Day 1 Academies is a registered charity in United States, based in Mercer Island, WA. It received its IRS tax-exemption ruling in May 2022, 4 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 December 2023, Day 1 Academies reported income of $65.2m and spending of $73.8m, spending 113% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income grew from $29.8m to $65.2m (+119%), an average of +48% a year. The sharpest change came in the year to December 2022, when income rose by 273%. Over the whole period it spent 63% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Day 1 Academies sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within WA. Charities of a similar size with the same main cause include Mount St Joseph University ($65.2m), University Physicians of Brooklyn Inc ($65.3m) and Albany College of Pharmacy and Health Sciences ($65.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% of the total. Compensation of current officers, directors and key employees was $3.6m (4.8% of expenses). Other salaries and wages came to $39.4m. At year end it held assets of $100.6m against liabilities of $5.8m, net assets of $94.9m. It reported 549 employees.