Destiny Community Development Corporation

Analysis

Destiny Community Development Corporation is a registered charity in United States, based in Brick, NJ. It received its IRS tax-exemption ruling in January 2007, 19 years ago. 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, Destiny Community Development Corporation reported income of $603k and spending of $630k, spending 105% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $570k to $603k (+5.7%), an average of +1.4% a year. The sharpest change came in the year to December 2021, when income rose by 28%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Destiny Community Development Corporation sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 77th percentile within NJ. Charities of a similar size with the same main cause include Pickerington Youth Athletic Assoc ($603k), Northern Illinois Justice for Our Neighbors ($603k) and Within Reach Global Inc ($603k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.9% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $109k (17% of expenses). Other salaries and wages came to $215k. At year end it held assets of $1.1m against liabilities of $824k, net assets of $252k. It reported 16 employees.