Destiny of Greenwood Inc

Analysis

Destiny of Greenwood Inc is a registered charity in United States, based in MC Cormick, SC. It received its IRS tax-exemption ruling in July 2004, 22 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, Destiny of Greenwood Inc reported income of $60k and spending of $64k, spending 105% of what it took in. Across the 3 years on record, from December 2020 to December 2023, income fell from $212k to $60k (-72%), an average of -47% a year. The sharpest change came in the year to December 2022, when income dropped by 54%. 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, Destiny of Greenwood Inc sits at the 21st percentile: it is larger than about 21% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 30th percentile within SC. Charities of a similar size with the same main cause include Saturdays Bread ($60k), Madison Farm ($60k) and Two by Two Family Ministry ($60k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $7,269 against liabilities of $0, net assets of $7,269.