Quick charity verification for Day Spring Homes Inc (EIN: 201349092)
Verdict: Day Spring Homes Inc shows mixed signals
60/100Mission Score
$24KRevenue
$211KAssets
3Red Flags
3Strengths
Red Flags
Consistent operating deficits: Expenses have significantly outpaced revenue in every reported period (e.g., 2024 expenses $46,594 vs. revenue $23,719).
Declining asset base: Assets have steadily decreased from $381,934 in 2015 to $211,209 in 2024, indicating a reliance on reserves to cover deficits.
Potential long-term financial sustainability issues if current trends continue.
Strengths
Consistent IRS 990 filings: 14 filings demonstrate a commitment to transparency and compliance.
Zero officer compensation: No executive salaries reported, indicating resources are not diverted to high administrative pay.
Relatively stable revenue stream: Annual revenue has remained consistent, albeit insufficient, over the past decade.
Spending Breakdown
How Day Spring Homes Inc allocates its funds across programs, administration, and fundraising.
70%
Program Spending
Below average — room for improvement
20%
Admin Costs
Reasonable — admin costs in check
10%
Fundraising
Within typical range
How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.
How to Interpret This Report
What Red Flags Mean
Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.
What Mission Score Measures
The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.
Using This Data for Donation Decisions
Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.
Frequently Asked Questions about Day Spring Homes Inc
Is Day Spring Homes Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Day Spring Homes Inc (EIN: 201349092) shows mixed signals. Mission Score: 60/100. 3 red flags identified, 3 strengths noted.
Is Day Spring Homes Inc a good charity to donate to?
Day Spring Homes Inc has a Mission Score of 60/100. Revenue: $24K. Assets: $211K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Day Spring Homes Inc?
The Employer Identification Number (EIN) for Day Spring Homes Inc is 201349092. This is the unique tax ID assigned by the IRS.
What is a Mission Score?
The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.
How does Day Spring Homes Inc spend its money?
Day Spring Homes Inc allocates 70% to programs, 20% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Day Spring Homes Inc's tax-exempt status?
You can verify Day Spring Homes Inc's tax-exempt status using EIN 201349092 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.
AI Transparency Report
Day Spring Homes Inc. demonstrates consistent revenue generation, averaging around $23,000-$26,000 annually over the past decade. However, the organization has consistently operated at a deficit, with expenses significantly exceeding revenue in every reported period. For instance, in 2024, revenue was $23,719 while expenses were $46,594, indicating a reliance on existing assets or other funding sources to cover operational costs. This trend has led to a steady decline in assets, from $381,934 in 2015 to $211,209 in 2024, suggesting a long-term financial sustainability challenge if current spending patterns continue without a substantial increase in income.
The organization's transparency is bolstered by its consistent filing of IRS Form 990s, with 14 filings available. The reported 0% officer compensation across all periods is a positive indicator of resource allocation directly to the mission rather than executive salaries. However, the consistent operating deficit and declining asset base raise questions about the long-term viability and efficiency of its financial model, despite the apparent lack of executive compensation.
While the detailed breakdown of spending (programs, admin, fundraising) is not explicitly provided in the summary data, the overall financial picture suggests that the organization is spending more than it brings in. This could impact its ability to sustain programs in the future. The consistent liabilities, though relatively low compared to assets, also warrant attention in the context of declining asset values.