Day Spring Woods Inc
Day Spring Woods Inc. consistently operates at a deficit, with expenses significantly exceeding revenue over the past decade.
EIN: 201348361 · Louisville, KY · NTEE: P75 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $73K |
| Total Expenses | $112K |
| Program Spending | 70% |
| Net Assets | $356K |
| Transparency Score | 45/100 |
Is Day Spring Woods Inc Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Day Spring Woods Inc directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Day Spring Woods Inc
Day Spring Woods Inc (EIN: 201348361) is a nonprofit organization based in Louisville, KY, classified under NTEE code P75. The organization reported total revenue of $73K and total assets of $568K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Day Spring Woods Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Day Spring Woods Inc is a micro nonprofit that has been operating for 21 years, with 14 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of 2.8%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $73K |
| Total Expenses | $112K |
| Surplus / Deficit | $-38,707 |
| Total Assets | $568K |
| Total Liabilities | $212K |
| Net Assets | $356K |
| Operating Margin | -52.9% |
| Debt-to-Asset Ratio | 37.4% |
| Months of Reserves | 60.9 months |
Financial Health Grade: B
In 2024, Day Spring Woods Inc reported a deficit of $39K with expenses exceeding revenue, holds 60.9 months of operating reserves (strong position), has a debt-to-asset ratio of 37.4% (moderate leverage).
Financial Trends
Over 14 years of filings (2011–2024), Day Spring Woods Inc's revenue has grown at a compound annual growth rate (CAGR) of 2.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +12.4% | -7.0% | -6.6% |
| 2023 | +77.0% | +7.1% | -7.8% |
| 2022 | +43.9% | +3.6% | -6.0% |
| 2021 | -44.4% | +3.2% | -5.4% |
| 2020 | -13.6% | +0.2% | -6.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2005 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Day Spring Woods Inc with a Mission Score of 45 out of 100 (Fair). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, Day Spring Woods Inc allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $39K, with expenses exceeding revenue.
- Debt-to-asset ratio: 37.4%.
Executive Compensation Analysis
No officer compensation has been reported across all available filings, suggesting that executive leadership may be volunteer-based or compensated through non-officer roles, which enhances financial efficiency in terms of direct leadership costs.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Day Spring Woods Inc's IRS 990 filings:
- Consistent and significant operating deficits, with expenses far exceeding revenue in every reported period.
- Steady decline in total assets over the past decade, from $960,395 in 2015 to $568,151 in 2024.
- General increase in liabilities, indicating potential reliance on debt or deferred obligations.
- Low revenue generation relative to operational expenses, raising concerns about long-term financial viability.
Strengths
The following positive indicators were identified for Day Spring Woods Inc:
- Consistent filing of IRS Form 990s, demonstrating regulatory transparency.
- No reported officer compensation, suggesting efficient use of funds at the executive level or a volunteer-led structure.
Frequently Asked Questions about Day Spring Woods Inc
Is Day Spring Woods Inc a legitimate charity?
Day Spring Woods Inc (EIN: 201348361) is a registered tax-exempt nonprofit based in Kentucky. Our AI analysis gives it a Mission Score of 45/100. It has 14 years of IRS 990 filings on record. Total revenue: $73K. 4 red flags identified. 2 strengths noted. Financial health grade: B.
How does Day Spring Woods Inc spend its money?
Day Spring Woods Inc directs 70% of its spending to programs and services. Fundraising costs 10%. This meets the 65% industry benchmark.
Are donations to Day Spring Woods Inc tax-deductible?
Day Spring Woods Inc is registered as a tax-exempt nonprofit (EIN: 201348361). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Day Spring Woods Inc's spending goes to programs?
Day Spring Woods Inc directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
How does Day Spring Woods Inc compare to similar nonprofits?
With a transparency score of 45/100 (Fair), Day Spring Woods Inc is near average for NTEE category P75 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Day Spring Woods Inc located?
Day Spring Woods Inc is headquartered in Louisville, Kentucky and files with the IRS under EIN 201348361. It is classified under NTEE code P75.
How many years of IRS 990 filings does Day Spring Woods Inc have?
Day Spring Woods Inc has 14 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $73K in total revenue.
Is Day Spring Woods Inc. financially sustainable?
Based on the consistent and significant operating deficits (e.g., $38,707 loss in 202406, $55,154 loss in 202306), the organization's current financial model appears unsustainable without a substantial increase in revenue or reduction in expenses. Its assets have also been steadily declining.
What is the primary source of funding for Day Spring Woods Inc. given its low revenue?
The provided data does not specify the primary source of funding. However, given the low revenue figures relative to expenses, the organization likely relies on grants, donations, or draws from its existing asset base to cover operational costs.
Why are the organization's assets decreasing while liabilities are increasing?
The decrease in assets from $960,395 in 2015 to $568,151 in 2024, coupled with a general increase in liabilities, suggests that the organization is using its reserves to cover operating deficits and potentially incurring debt, indicating a deteriorating financial position.
What is the NTEE code P75 and how does it relate to the organization's mission?
NTEE code P75 typically refers to 'Housing Development, Construction & Management' organizations. Without further information on Day Spring Woods Inc.'s specific activities, it's difficult to directly link this code to its mission, but it suggests a focus on housing-related services.
Filing History
IRS 990 filing history for Day Spring Woods Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2024), Day Spring Woods Inc's revenue has grown by 42.9%, moving from $51K to $73K. Total assets decreased by 50.2% over the same period, from $1.1M to $568K. Total functional expenses rose by 21.2%, from $92K to $112K. In its most recent filing year (2024), Day Spring Woods Inc reported a deficit of $39K, with expenses exceeding revenue. The organization holds $212K in liabilities against $568K in assets (debt-to-asset ratio: 37.4%), resulting in net assets of $356K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $73K | $112K | $568K | $212K | — | — |
| 2023 | $65K | $120K | $608K | $214K | — | View 990 |
| 2022 | $37K | $112K | $660K | $210K | — | — |
| 2021 | $26K | $108K | $702K | $177K | — | — |
| 2020 | $46K | $105K | $743K | $135K | — | View 990 |
| 2019 | $53K | $105K | $791K | $124K | — | View 990 |
| 2018 | $52K | $105K | $834K | $115K | — | View 990 |
| 2017 | $16K | $99K | $870K | $99K | — | View 990 |
| 2016 | $44K | $98K | $917K | $63K | — | View 990 |
| 2015 | $50K | $103K | $960K | $53K | — | View 990 |
| 2014 | $44K | $101K | $1.0M | $41K | — | View 990 |
| 2013 | $43K | $98K | $1.0M | $31K | — | View 990 |
| 2012 | $47K | $92K | $1.1M | $24K | — | View 990 |
| 2011 | $51K | $92K | $1.1M | $24K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $73K, expenses of $112K, and assets of $568K (revenue +12.4% year-over-year).
- 2023: Revenue of $65K, expenses of $120K, and assets of $608K (revenue +77.0% year-over-year).
- 2022: Revenue of $37K, expenses of $112K, and assets of $660K (revenue +43.9% year-over-year).
- 2021: Revenue of $26K, expenses of $108K, and assets of $702K (revenue -44.4% year-over-year).
- 2020: Revenue of $46K, expenses of $105K, and assets of $743K (revenue -13.6% year-over-year).
- 2019: Revenue of $53K, expenses of $105K, and assets of $791K (revenue +3.0% year-over-year).
- 2018: Revenue of $52K, expenses of $105K, and assets of $834K (revenue +223.1% year-over-year).
- 2017: Revenue of $16K, expenses of $99K, and assets of $870K (revenue -63.8% year-over-year).
- 2016: Revenue of $44K, expenses of $98K, and assets of $917K (revenue -11.3% year-over-year).
- 2015: Revenue of $50K, expenses of $103K, and assets of $960K (revenue +12.6% year-over-year).
- 2014: Revenue of $44K, expenses of $101K, and assets of $1.0M (revenue +1.7% year-over-year).
- 2013: Revenue of $43K, expenses of $98K, and assets of $1.0M (revenue -7.5% year-over-year).
- 2012: Revenue of $47K, expenses of $92K, and assets of $1.1M (revenue -8.2% year-over-year).
- 2011: Revenue of $51K, expenses of $92K, and assets of $1.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Day Spring Woods Inc:
Data Sources and Methodology
This transparency report for Day Spring Woods Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.