Daystar Counseling Ministries, Inc.
Fiscal Year
Fiscal Year Start
08/01/2023
Fiscal Year End
07/31/2024
Projected Revenue
$3,402,000.00
Projected Expenses
$3,174,100.00
Organizational Budgets and Other Documents
IRS Letter of Exemption
| daystar counseling ministries, inc. irs ltr |
Detailed Financials
Revenue and Expenses
| Fiscal Year | 2023 | 2022 | 2020 |
|---|---|---|---|
| Total Revenue | $4,132,310.00 | $3,391,303.00 | $2,660,356.00 |
| Total Expenses | $3,173,845.00 | $2,931,219.00 | $2,619,267.00 |
| Revenue Less Expenses | $958,465.00 | $460,084.00 | $41,089.00 |
Revenue Sources
| Fiscal Year | 2023 | 2022 | 2020 |
|---|---|---|---|
| Foundation and Corporation Contributions | $0.00 | $0.00 | $0.00 |
| Government - Federal | $0.00 | $0.00 | $0.00 |
| Government - State | $0.00 | $0.00 | $0.00 |
| Government - Local | $0.00 | $0.00 | $0.00 |
| Government - Unspecified | $0.00 | $290,500.00 | $0.00 |
| Contributions, Gifts, and Grants | $1,678,664.00 | $821,904.00 | $709,926.00 |
| Indirect Public Support | $0.00 | $0.00 | $0.00 |
| Earned Revenue | $1,613,729.00 | $1,763,073.00 | $1,470,662.00 |
| Investment Income, Net of Losses | $20,088.00 | $4,344.00 | $1,744.00 |
| Membership Dues | $0.00 | $0.00 | $0.00 |
| Special Events | $816,181.00 | $511,482.00 | $478,024.00 |
| Revenue In-Kind | $3,648.00 | $0.00 | $0.00 |
| Other | $0.00 | $0.00 | $0.00 |
Expense Allocation
| Fiscal Year | 2023 | 2022 | 2020 |
|---|---|---|---|
| Program Expense | $2,116,814.00 | $2,385,355.00 | $2,141,993.00 |
| Administration Expense | $467,454.00 | $224,511.00 | $219,707.00 |
| Fundraising Expense | $589,577.00 | $321,353.00 | $257,567.00 |
| Total Revenue/Total Expenses | 130% | 116% | 102% |
| Program Expense/Total Expenses | 67% | 81% | 82% |
| Fundraising Expense/Contributed Revenue | 19% | 11% | 10% |
Top Funding Sources
| Fiscal Year | 2023 | 2022 | 2020 |
|---|---|---|---|
| Top Funding Source & Dollar Amount | Contributions, Gifts, and Grants $1,678,664.00 | Program Revenue $1,763,073.00 | Program Revenue $1,470,662.00 |
| Second Highest Funding Source & Dollar Amount | Program Revenue $1,613,729.00 | Contributions, Gifts, Grants $821,904.00 | Contributions, Gifts, and Grants $709,926.00 |
| Third Highest Funding Source & Dollar Amount | Fundraising Events $816,181.00 | Fundraising Events $511,482.00 | Fundraising Events $478,024.00 |
Assets and Liabilities
| Fiscal Year | 2023 | 2022 | 2020 |
|---|---|---|---|
| Total Assets | $5,290,889.00 | $2,905,417.00 | $3,010,432.00 |
| Current Assets | $2,138,677.00 | $781,912.00 | $663,605.00 |
| Long-Term Liabilities | $8,210.00 | $308,823.00 | $607,573.00 |
| Current Liabilities | $59,023.00 | $85,520.00 | $351,869.00 |
| Total Net Assets | $5,223,656.00 | $2,511,074.00 | $2,050,990.00 |
Endowment Info
Do you have an endowment?
Yes
What is the value of the endowment?
$30,000.00
What is the spending policy for your endowment?
N/A
Capital Campaign Info
Are you currently in a Capital Campaign?
No
Solicitation Permit Info
State Charitable Solicitations Permit
Yes
Permit Expiration Month
January
Permit Expiration Year
2025
Solicitations Permit
Form 990s
Audit Documents
CEO/Executive Director/Board Comments
| We are so thankful that through upturns and downturns in the economy, our contributors have been so faithful and supportive. We have been pursuing new foundations, as well as working to continue relationships with our individual contributors and to build new ones. |
Foundation Staff Comments
| Financial figures taken from form 990. Form 990 prepared by Puryear & Noonan, CPAs. Comments provided by Hayley Sulfridge 7/8/24. |
