Daybreak Vision Project Inc

Analysis

Daybreak Vision Project Inc is a registered charity in United States, based in Alpine, UT. It received its IRS tax-exemption ruling in December 2021, 5 years ago. Its declared purposes cover diseases, disorders and medical disciplines, which this site groups under health and saving lives. 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, Daybreak Vision Project Inc reported income of $452k and spending of $328k, leaving 27% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $1.2m to $452k (-61%), an average of -61% a year. The sharpest change came in the year to December 2023, when income dropped by 61%. Over the whole period it spent 31% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Daybreak Vision Project Inc sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 67th percentile within UT. Charities of a similar size with the same main cause include Winter Conference of Brain Research ($452k), Sleep Research Society Foundation ($452k) and Wilderwood Equine Therapy and Rescue ($452k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% of the total. Other salaries and wages came to $4,523. At year end it held assets of $1.1m against liabilities of $0, net assets of $1.1m.