Daybreak Inc

Analysis

Daybreak Inc is a registered charity in United States, based in Palmer, AK. It received its IRS tax-exemption ruling in August 1986, 40 years ago. 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 June 2024, Daybreak Inc reported income of $1.3m and spending of $1.3m, spending 98% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $1.1m to $1.3m (+20%), an average of +3.6% a year. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Daybreak Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 81st percentile within AK. Charities of a similar size with the same main cause include National Alliance on Mental Illness in Delaware Foundation ($1.3m), MSGR Joseph F Stedman Residence Housing Development Fund Corporati ($1.3m) and Society for Christian Instruction ($1.3m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $146k (11% of expenses). Other salaries and wages came to $573k. At year end it held assets of $499k against liabilities of $12k, net assets of $487k. It reported 11 employees.