Daymark Recovery Services Inc
Daymark Recovery Services Inc. shows consistent revenue growth and strong asset accumulation over the past decade.
EIN: 20707661 · Salisbury, NC · NTEE: E32 · Updated: 2026-03-28
Is Daymark Recovery Services Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Daymark Recovery Services Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Daymark Recovery Services Inc
Daymark Recovery Services Inc (EIN: 20707661) is a nonprofit organization based in Salisbury, NC, classified under NTEE code E32. The organization reported total revenue of $141.5M and total assets of $79.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Daymark Recovery Services Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Daymark Recovery Services Inc is a major nonprofit that has been operating for 21 years, with 13 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of 6.6%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $97.8M |
| Total Expenses | $86.9M |
| Surplus / Deficit | +$10.8M |
| Total Assets | $59.7M |
| Total Liabilities | $12.3M |
| Net Assets | $47.4M |
| Operating Margin | 11.1% |
| Debt-to-Asset Ratio | 20.6% |
| Months of Reserves | 8.2 months |
Financial Health Grade: A
In 2024, Daymark Recovery Services Inc reported a surplus of $10.8M with revenue exceeding expenses, holds 8.2 months of operating reserves (strong position), has a debt-to-asset ratio of 20.6% (moderate leverage).
Financial Trends
Over 13 years of filings (2012–2024), Daymark Recovery Services Inc's revenue has grown at a compound annual growth rate (CAGR) of 6.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +18.0% | +14.0% | +24.8% |
| 2023 | +27.4% | +20.6% | +22.0% |
| 2022 | -1.4% | +10.2% | +10.7% |
| 2021 | +3.1% | -3.3% | +35.8% |
| 2020 | +5.2% | -4.9% | +23.1% |
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 Daymark Recovery Services Inc with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Daymark Recovery Services Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $10.8M, with revenue exceeding expenses.
- Debt-to-asset ratio: 20.6%.
Executive Compensation Analysis
The provided data consistently reports 0% for Officer Compensation across all filing periods, which is unusual for an organization of this size with revenues reaching nearly $100 million. This suggests that executive compensation may be reported under different categories or is not disclosed in this summary, warranting further investigation into the full 990 forms for transparency.
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 Daymark Recovery Services Inc's IRS 990 filings:
- Consistent 0% reported for Officer Compensation for a large organization, raising transparency questions.
- Lack of detailed functional expense breakdown (program, admin, fundraising) in the provided summary data.
Strengths
The following positive indicators were identified for Daymark Recovery Services Inc:
- 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.
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) some concerns. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
How does Daymark Recovery Services Inc spend its money?
Daymark Recovery Services Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Daymark Recovery Services Inc tax-deductible?
Daymark Recovery Services Inc is registered as a tax-exempt nonprofit (EIN: 20707661). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Why is Officer Compensation consistently reported as 0% across all filings, despite the organization's significant revenue?
The consistent reporting of 0% for Officer Compensation for an organization with revenues nearing $100 million is highly unusual. This could mean that executive compensation is included in other expense categories, paid through a related entity, or that the summary data provided is incomplete regarding this specific detail. A review of the full IRS 990 forms would be necessary to understand how executive compensation is handled and disclosed.
What are the specific breakdowns of program, administrative, and fundraising expenses?
The provided summary data does not detail the specific functional expense breakdown. While the overall financial health is strong, understanding these percentages is crucial for assessing spending efficiency and ensuring a high proportion of funds go directly to programs. This information would be available in the full IRS 990 filings.
How does Daymark Recovery Services Inc. manage its increasing assets and what is the strategy for their utilization?
Daymark Recovery Services Inc. has significantly grown its assets from $15.89 million in 201506 to $59.74 million in 202406. Understanding the composition of these assets (e.g., property, investments, cash) and the organization's strategy for their utilization is important for assessing long-term sustainability and mission impact. This information would typically be found in the organization's financial statements and narrative sections of the 990.
Filing History
IRS 990 filing history for Daymark Recovery Services Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2012–2024), Daymark Recovery Services Inc's revenue has grown by 115.2%, moving from $45.4M to $97.8M. Total assets increased by 412.5% over the same period, from $11.7M to $59.7M. Total functional expenses rose by 95%, from $44.6M to $86.9M. In its most recent filing year (2024), Daymark Recovery Services Inc reported a surplus of $10.8M, with revenue exceeding expenses. The organization holds $12.3M in liabilities against $59.7M in assets (debt-to-asset ratio: 20.6%), resulting in net assets of $47.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $97.8M | $86.9M | $59.7M | $12.3M | — | View 990 |
| 2023 | $82.9M | $76.3M | $47.9M | $11.4M | — | View 990 |
| 2022 | $65.1M | $63.3M | $39.2M | $9.5M | — | View 990 |
| 2021 | $66.0M | $57.4M | $35.4M | $7.6M | — | View 990 |
| 2020 | $64.0M | $59.4M | $26.1M | $6.9M | — | View 990 |
| 2019 | $60.9M | $62.5M | $21.2M | $6.7M | — | View 990 |
| 2018 | $59.5M | $58.3M | $23.9M | $7.8M | — | View 990 |
| 2017 | $56.4M | $54.3M | $22.2M | $7.3M | — | View 990 |
| 2016 | $55.4M | $53.0M | $20.0M | $7.2M | — | View 990 |
| 2015 | $53.0M | $51.3M | $15.9M | $5.4M | — | View 990 |
| 2014 | $50.9M | $50.3M | $14.6M | $5.8M | — | View 990 |
| 2013 | $50.8M | $49.3M | $13.6M | $5.4M | — | View 990 |
| 2012 | $45.4M | $44.6M | $11.7M | $5.1M | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $97.8M, expenses of $86.9M, and assets of $59.7M (revenue +18.0% year-over-year).
- 2023: Revenue of $82.9M, expenses of $76.3M, and assets of $47.9M (revenue +27.4% year-over-year).
- 2022: Revenue of $65.1M, expenses of $63.3M, and assets of $39.2M (revenue -1.4% year-over-year).
- 2021: Revenue of $66.0M, expenses of $57.4M, and assets of $35.4M (revenue +3.1% year-over-year).
- 2020: Revenue of $64.0M, expenses of $59.4M, and assets of $26.1M (revenue +5.2% year-over-year).
- 2019: Revenue of $60.9M, expenses of $62.5M, and assets of $21.2M (revenue +2.4% year-over-year).
- 2018: Revenue of $59.5M, expenses of $58.3M, and assets of $23.9M (revenue +5.5% year-over-year).
- 2017: Revenue of $56.4M, expenses of $54.3M, and assets of $22.2M (revenue +1.8% year-over-year).
- 2016: Revenue of $55.4M, expenses of $53.0M, and assets of $20.0M (revenue +4.5% year-over-year).
- 2015: Revenue of $53.0M, expenses of $51.3M, and assets of $15.9M (revenue +4.0% year-over-year).
- 2014: Revenue of $50.9M, expenses of $50.3M, and assets of $14.6M (revenue +0.2% year-over-year).
- 2013: Revenue of $50.8M, expenses of $49.3M, and assets of $13.6M (revenue +11.8% year-over-year).
- 2012: Revenue of $45.4M, expenses of $44.6M, and assets of $11.7M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Daymark Recovery Services Inc:
Data Sources and Methodology
This transparency report for Daymark Recovery Services 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.