Daybreak Inc
Daybreak Inc: Declining Revenue, High Overhead, and Negative Net Assets Raise Concerns
EIN: 222474290 · Boston, MA · NTEE: R62 · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $552K |
| Total Expenses | $649K |
| Program Spending | 60% |
| Net Assets | $234K |
| Transparency Score | 45/100 |
Is Daybreak Inc Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Daybreak Inc directs 60% of its spending to programs. This falls below the 65% benchmark. Donors may want to investigate further.
About Daybreak Inc
Daybreak Inc (EIN: 222474290) is a nonprofit organization based in Boston, MA, classified under NTEE code R62. The organization reported total revenue of $552K and total assets of $205K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Daybreak Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Daybreak Inc is a small nonprofit that has been operating for 43 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 2.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $546K |
| Total Expenses | $649K |
| Surplus / Deficit | $-102,929 |
| Total Assets | $237K |
| Total Liabilities | $2K |
| Net Assets | $234K |
| Operating Margin | -18.9% |
| Debt-to-Asset Ratio | 0.9% |
| Months of Reserves | 4.4 months |
Financial Health Grade: B
In 2023, Daybreak Inc reported a deficit of $103K with expenses exceeding revenue, holds 4.4 months of operating reserves (adequate), has a debt-to-asset ratio of 0.9% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Daybreak Inc's revenue has grown at a compound annual growth rate (CAGR) of 2.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -7.3% | +10.1% | -29.9% |
| 2022 | +11.0% | +16.0% | -0.1% |
| 2021 | +17.0% | +11.1% | +7.1% |
| 2020 | +53.5% | +16.0% | -1.4% |
| 2019 | -16.5% | -9.6% | -23.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1983 |
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 Daybreak 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: 60%
- fundraising: 20%
According to IRS 990 filings, Daybreak Inc allocates its expenses as follows: admin: 20%, programs: 60%, fundraising: 20%. Approximately 60% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $103K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.9%.
Executive Compensation Analysis
Executive compensation cannot be fully assessed without specific figures for the highest paid individuals, but the overall financial health suggests a need for careful management of all expenses.
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 Daybreak Inc's IRS 990 filings:
- Consistent negative net assets, reaching -$2,248 in 2023, signal financial distress.
- Revenue has been on a downward trend since 2022, from $588,776 to $545,590 in 2023.
- Expenses consistently exceed revenue, with $648,519 in expenses against $545,590 in revenue for 2023.
Strengths
The following positive indicators were identified for Daybreak Inc:
- The organization has maintained operations for several years despite financial challenges.
Frequently Asked Questions about Daybreak Inc
Is Daybreak Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Daybreak Inc (EIN: 222474290) significant concerns. Mission Score: 45/100. 3 red flags identified, 1 strength noted.
How does Daybreak Inc spend its money?
Daybreak Inc directs 60% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Daybreak Inc tax-deductible?
Daybreak Inc is registered as a tax-exempt nonprofit (EIN: 222474290). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Daybreak Inc's spending goes to programs?
Daybreak Inc directs 60% to programs, 20% to fundraising. This falls below the 65% industry benchmark, which may warrant further review by donors.
How does Daybreak Inc compare to similar nonprofits?
With a transparency score of 45/100 (Fair), Daybreak Inc is near average for NTEE category R62 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Daybreak Inc located?
Daybreak Inc is headquartered in Boston, Massachusetts and files with the IRS under EIN 222474290. It is classified under NTEE code R62.
How many years of IRS 990 filings does Daybreak Inc have?
Daybreak Inc has 13 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 $552K in total revenue.
What does Daybreak Inc do?
Daybreak Inc is a nonprofit organization in the Civil Rights, Social Action & Advocacy sector, located in Boston, Massachusetts. It is classified under NTEE code R62.
How much revenue does Daybreak Inc have?
Daybreak Inc reported total revenue of $551,589. Based on 13 IRS 990 filings on record.
What are Daybreak Inc's total assets?
Daybreak Inc holds total assets of $204,558 as reported in IRS 990 filings.
Where is Daybreak Inc located?
Daybreak Inc is based in Boston, Massachusetts.
What is Daybreak Inc's EIN?
Daybreak Inc's Employer Identification Number (EIN) is 222474290. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Daybreak Inc?
Daybreak Inc is classified under NTEE code R62 (Civil Rights, Social Action & Advocacy).
Is Daybreak Inc a registered 501(c)(3)?
Yes, Daybreak Inc is recognized as a tax-exempt organization by the IRS. EIN: 222474290.
Does Daybreak Inc file IRS Form 990?
Yes, Daybreak Inc has 13 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Daybreak Inc's revenue in 2023?
In the 202312 filing period, Daybreak Inc reported total revenue of $545,590, total expenses of $648,519, and net assets of $236,661.
Is Daybreak Inc's revenue growing or declining?
Daybreak Inc's revenue is declining. Revenue went from $588,776 (202212) to $545,590 (202312), a -7.3% change. Based on 13 filings on record.
What is Daybreak Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Daybreak Inc covers tax period 202312. It shows revenue of $545,590, expenses of $648,519, total assets of $236,661, and liabilities of $2,248.
How much does Daybreak Inc spend on programs vs administration?
Based on IRS 990 analysis, Daybreak Inc allocates approximately 60% of expenses to program services, 20% to administrative costs, and 20% to fundraising. Program spending is moderate relative to overhead.
Is Daybreak Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Daybreak Inc shows mixed signals. Mission Score: 45/100 (Fair). 3 red flags identified. 1 strength noted.
What are the red flags for Daybreak Inc?
The following concerns were identified: Consistent negative net assets, reaching -$2,248 in 2023, signal financial distress.. Revenue has been on a downward trend since 2022, from $588,776 to $545,590 in 2023.. Expenses consistently exceed revenue, with $648,519 in expenses against $545,590 in revenue for 2023.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Daybreak Inc's strengths?
Positive indicators for Daybreak Inc include: The organization has maintained operations for several years despite financial challenges.. These findings are derived from AI analysis of the organization's financial filings.
How does Daybreak Inc compensate executives?
Executive compensation cannot be fully assessed without specific figures for the highest paid individuals, but the overall financial health suggests a need for careful management of all expenses. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the consistent negative net assets and declining revenue, what specific strategies are being implemented to reverse these trends and ensure long-term financial viability?
The provided data does not detail specific strategies, but the financial trajectory suggests an urgent need for a comprehensive plan to increase revenue, control expenses, or both, to avoid insolvency.
How does Daybreak Inc plan to address the growing gap between its expenses and revenue, which resulted in a deficit of over $100,000 in 2023?
Without further information, it's unclear how Daybreak Inc intends to close this significant financial gap. Potential solutions could include fundraising campaigns, program restructuring, or administrative cost reductions.
Filing History
IRS 990 filing history for Daybreak Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Daybreak Inc's revenue has grown by 33.9%, moving from $407K to $546K. Total assets decreased by 40.2% over the same period, from $396K to $237K. Total functional expenses rose by 149.3%, from $260K to $649K. In its most recent filing year (2023), Daybreak Inc reported a deficit of $103K, with expenses exceeding revenue. The organization holds $2K in liabilities against $237K in assets (debt-to-asset ratio: 0.9%), resulting in net assets of $234K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $546K | $649K | $237K | $2K | — | — |
| 2022 | $589K | $589K | $338K | $206 | — | View 990 |
| 2021 | $530K | $508K | $338K | $0 | — | View 990 |
| 2020 | $453K | $457K | $316K | $0 | — | — |
| 2019 | $295K | $394K | $320K | $802 | — | View 990 |
| 2018 | $354K | $436K | $418K | $0 | — | View 990 |
| 2017 | $389K | $457K | $500K | $0 | — | View 990 |
| 2016 | $337K | $400K | $568K | $0 | — | View 990 |
| 2015 | $334K | $407K | $632K | $0 | — | View 990 |
| 2014 | $304K | $390K | $705K | $0 | — | View 990 |
| 2013 | $426K | $240K | $790K | $0 | — | View 990 |
| 2012 | $437K | $228K | $605K | $382 | — | View 990 |
| 2011 | $407K | $260K | $396K | $544 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $546K, expenses of $649K, and assets of $237K (revenue -7.3% year-over-year).
- 2022: Revenue of $589K, expenses of $589K, and assets of $338K (revenue +11.0% year-over-year).
- 2021: Revenue of $530K, expenses of $508K, and assets of $338K (revenue +17.0% year-over-year).
- 2020: Revenue of $453K, expenses of $457K, and assets of $316K (revenue +53.5% year-over-year).
- 2019: Revenue of $295K, expenses of $394K, and assets of $320K (revenue -16.5% year-over-year).
- 2018: Revenue of $354K, expenses of $436K, and assets of $418K (revenue -9.1% year-over-year).
- 2017: Revenue of $389K, expenses of $457K, and assets of $500K (revenue +15.6% year-over-year).
- 2016: Revenue of $337K, expenses of $400K, and assets of $568K (revenue +0.8% year-over-year).
- 2015: Revenue of $334K, expenses of $407K, and assets of $632K (revenue +9.8% year-over-year).
- 2014: Revenue of $304K, expenses of $390K, and assets of $705K (revenue -28.6% year-over-year).
- 2013: Revenue of $426K, expenses of $240K, and assets of $790K (revenue -2.5% year-over-year).
- 2012: Revenue of $437K, expenses of $228K, and assets of $605K (revenue +7.3% year-over-year).
- 2011: Revenue of $407K, expenses of $260K, and assets of $396K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Daybreak Inc:
Data Sources and Methodology
This transparency report for Daybreak 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.