Destiny Power & Purpose Inc

Analysis

Destiny Power & Purpose Inc is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in October 2007, 19 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 Power & Purpose Inc reported income of $349k and spending of $375k, spending 107% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $374k to $349k (-6.6%), an average of -1.7% a year. The sharpest change came in the year to December 2021, when income rose by 18%. Over the whole period it spent 103% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Destiny Power & Purpose Inc sits at the 59th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 38th percentile within DC. Charities of a similar size with the same main cause include Houses for Warriors ($349k), Yfb Foundation ($349k) and African Girls Hope Foundation Aghf Inc ($349k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $18k (4.7% of expenses). At year end it held assets of $137k against liabilities of $68k, net assets of $70k. It reported 5 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.