Daystar U S

Analysis

Daystar U S is a registered charity in United States, based in Bloomington, MN. It received its IRS tax-exemption ruling in January 1987, 39 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, Daystar U S reported income of $1.2m and spending of $760k, leaving 35% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income fell from $1.3m to $1.2m (-7.1%), an average of -1.8% a year. The sharpest change came in the year to June 2022, when income rose by 71%. Over the whole period it spent 84% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Daystar U S sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 80th percentile within MN. Charities of a similar size with the same main cause include Kennebec Montessori School ($1.2m), Western Slope Center for Children ($1.2m) and Madison Capitols Hockey Assoc Ltd ($1.2m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 77% and program service revenue 0.0% of the total. Compensation of current officers, directors and key employees was $94k (12% of expenses). Other salaries and wages came to $192k. At year end it held assets of $3.0m against liabilities of $40k, net assets of $2.9m. It reported 5 employees.