The Daystar Foundation
Daystar Foundation faces severe financial decline with expenses consistently exceeding minimal revenue.
EIN: 134036767 · Ridgefield, CT · NTEE: T20 · Updated: 2026-03-28
Is The Daystar Foundation Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
The Daystar Foundation directs 50% of its spending to programs. This falls below the 65% benchmark. Donors may want to investigate further.
About The Daystar Foundation
The Daystar Foundation (EIN: 134036767) is a nonprofit organization based in Ridgefield, CT, classified under NTEE code T20. The organization reported total revenue of $45K and total assets of $7K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Daystar Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
The Daystar Foundation is a micro nonprofit that has been operating for 26 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -27.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $6K |
| Total Expenses | $29K |
| Surplus / Deficit | $-23,077 |
| Total Assets | $2K |
| Total Liabilities | $1 |
| Net Assets | $2K |
| Operating Margin | -384.6% |
| Debt-to-Asset Ratio | 0.1% |
| Months of Reserves | 0.7 months |
Financial Health Grade: C
In 2023, The Daystar Foundation reported a deficit of $23K with expenses exceeding revenue, holds 0.7 months of operating reserves (limited), has a debt-to-asset ratio of 0.1% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), The Daystar Foundation's revenue has declined at a compound annual growth rate (CAGR) of -27.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -70.0% | -63.5% | -93.2% |
| 2022 | +111072.2% | +669.1% | -70.6% |
| 2021 | -37.9% | -80.7% | -10.9% |
| 2020 | -61.8% | -42.2% | -38.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2000 |
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 The Daystar Foundation with a Mission Score of 30 out of 100 (Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 40%
- programs: 50%
- fundraising: 10%
According to IRS 990 filings, The Daystar Foundation allocates its expenses as follows: admin: 40%, programs: 50%, fundraising: 10%. Approximately 50% 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 $23K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.1%.
Executive Compensation Analysis
Executive compensation has consistently been reported as 0% across all available filings, indicating that officers are not drawing salaries from the organization, which is appropriate given its small size and significant financial challenges.
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 The Daystar Foundation's IRS 990 filings:
- Consistent and significant operating deficits (e.g., $6,001 revenue vs. $29,078 expenses in 2023).
- Dramatic decline in assets from $945,370 in 2012 to $1,697 in 2023.
- Extremely low revenue in recent years (e.g., $18 in 2021, $6,001 in 2023) making sustained operations questionable.
- High administrative burden relative to program spending, given the overall low expense base.
Strengths
The following positive indicators were identified for The Daystar Foundation:
- Consistent filing of IRS 990 forms, indicating a commitment to transparency.
- No reported officer compensation, demonstrating fiscal prudence regarding executive pay.
Frequently Asked Questions about The Daystar Foundation
Is The Daystar Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, The Daystar Foundation (EIN: 134036767) significant concerns. Mission Score: 30/100. 4 red flags identified, 2 strengths noted.
How does The Daystar Foundation spend its money?
The Daystar Foundation directs 50% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to The Daystar Foundation tax-deductible?
The Daystar Foundation is registered as a tax-exempt nonprofit (EIN: 134036767). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does The Daystar Foundation cover its significant operating deficits, given its minimal revenue?
The filings show consistent and substantial deficits (e.g., $6,001 revenue vs. $29,078 expenses in 2023), suggesting the organization is either drawing down on past assets, receiving unreported contributions, or has other funding mechanisms not immediately apparent from the summary data.
What specific programs or grantmaking activities is The Daystar Foundation currently undertaking?
With revenue as low as $18 in 2021 and $6,001 in 2023, it is unclear how the organization is funding any substantial programs or grantmaking activities, especially given its NTEE code T20.
Why have the assets of The Daystar Foundation decreased so dramatically from $945,370 in 2012 to $1,697 in 2023?
The significant decline in assets suggests a prolonged period of spending down its reserves, likely to cover operating expenses that far outstripped revenue for many years.
Filing History
IRS 990 filing history for The Daystar Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), The Daystar Foundation's revenue has declined by 98%, moving from $297K to $6K. Total assets decreased by 99.8% over the same period, from $754K to $2K. Total functional expenses fell by 81.7%, from $159K to $29K. In its most recent filing year (2023), The Daystar Foundation reported a deficit of $23K, with expenses exceeding revenue. The organization holds $1 in liabilities against $2K in assets (debt-to-asset ratio: 0.1%), resulting in net assets of $2K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $6K | $29K | $2K | $1 | — | — |
| 2022 | $20K | $80K | $25K | $1 | — | — |
| 2021 | $18 | $10K | $84K | $1 | — | — |
| 2020 | $29 | $54K | $95K | $1 | — | — |
| 2019 | $76 | $93K | $154K | $1 | — | View 990 |
| 2015 | $-10,015 | $217K | $555K | $1 | — | View 990 |
| 2014 | $284K | $163K | $776K | $1 | — | View 990 |
| 2013 | $87K | $349K | $675K | $1 | — | View 990 |
| 2012 | $343K | $180K | $945K | $28K | — | View 990 |
| 2011 | $297K | $159K | $754K | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $6K, expenses of $29K, and assets of $2K (revenue -70.0% year-over-year).
- 2022: Revenue of $20K, expenses of $80K, and assets of $25K (revenue +111072.2% year-over-year).
- 2021: Revenue of $18, expenses of $10K, and assets of $84K (revenue -37.9% year-over-year).
- 2020: Revenue of $29, expenses of $54K, and assets of $95K (revenue -61.8% year-over-year).
- 2019: Revenue of $76, expenses of $93K, and assets of $154K.
- 2015: Revenue of $-10,015, expenses of $217K, and assets of $555K (revenue -103.5% year-over-year).
- 2014: Revenue of $284K, expenses of $163K, and assets of $776K (revenue +227.2% year-over-year).
- 2013: Revenue of $87K, expenses of $349K, and assets of $675K (revenue -74.7% year-over-year).
- 2012: Revenue of $343K, expenses of $180K, and assets of $945K (revenue +15.5% year-over-year).
- 2011: Revenue of $297K, expenses of $159K, and assets of $754K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for The Daystar Foundation:
Data Sources and Methodology
This transparency report for The Daystar Foundation 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.