Destin House Inc

Analysis

Destin House Inc is a registered charity in United States, based in Destin, FL. It received its IRS tax-exemption ruling in January 2003, 23 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Destin House Inc reported income of $83k and spending of $95k, spending 114% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $105k to $83k (-21%), an average of -5.6% a year. The sharpest change came in the year to December 2023, when income dropped by 25%. Over the whole period it spent 97% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Destin House Inc sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 35th percentile within FL. Charities of a similar size with the same main cause include Beauty for Ashes Ministries ($83k), Weatherford Rotary Foundation ($83k) and Sweet Dream in a Bag ($83k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 33% of the total. At year end it held assets of $1.0m against liabilities of $109k, net assets of $922k.