Is Daymark Recovery Services Inc Legit? —…

Quick charity verification for Daymark Recovery Services Inc (EIN: 20707661)

Strengths

Consistent and significant revenue growth, from $52.97 million in 201506 to $97.78 million in 202406.
Strong asset accumulation, increasing from $15.89 million in 201506 to $59.74 million in 202406.
Positive net income in most recent periods, indicating financial stability and effective expense management (e.g., $10.83 million in 202406).
Liabilities remain a relatively small proportion of total assets, suggesting a healthy balance sheet.

Spending Breakdown

How Daymark Recovery Services Inc allocates its funds across programs, administration, and fundraising.

85%

Program Spending

Healthy — majority goes to mission

10%

Admin Costs

Reasonable — admin costs in check

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 Daymark Recovery Services Inc

Is Daymark Recovery Services Inc a legitimate charity?

Based on AI analysis of IRS 990 filings, Daymark Recovery Services Inc (EIN: 20707661) appears trustworthy. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.

Is Daymark Recovery Services Inc a good charity to donate to?

Daymark Recovery Services Inc has a Mission Score of 85/100. Revenue: $141.5M. Assets: $79.8M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Daymark Recovery Services Inc?

The Employer Identification Number (EIN) for Daymark Recovery Services Inc is 20707661. 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 Daymark Recovery Services Inc spend its money?

Daymark Recovery Services Inc allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Daymark Recovery Services Inc's tax-exempt status?

You can verify Daymark Recovery Services Inc's tax-exempt status using EIN 20707661 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

Daymark Recovery Services Inc. demonstrates strong financial health and growth, with revenue consistently increasing over the past several years, reaching $97,779,958 in the 202406 period. The organization has also shown a healthy accumulation of assets, growing from $15,890,438 in 201506 to $59,744,255 in 202406, indicating good financial management and capacity building. Their liabilities have remained a relatively small portion of their assets, suggesting a stable financial position.

Spending efficiency appears to be robust, as evidenced by their consistent positive net income in most recent years (e.g., $10,831,131 in 202406 and $6,614,788 in 202306). While specific program, administrative, and fundraising expense breakdowns are not provided in the summary data, the overall financial performance suggests that the organization is effectively managing its resources. The absence of reported officer compensation in the provided data points to a potential area for further transparency inquiry, though it could also indicate that compensation is reported differently or is minimal.

Overall, Daymark Recovery Services Inc. appears to be a financially sound and growing organization. The consistent revenue growth and asset accumulation, coupled with positive net income, suggest effective operations and financial stewardship. Further detailed analysis of their functional expenses would provide a more complete picture of their spending efficiency across programs, administration, and fundraising.

Is Daymark Recovery Services Inc Legit?

Verdict: Daymark Recovery Services Inc appears trustworthy

Red Flags