Destination Imagination Inc

Analysis

Destination Imagination Inc is a registered charity in United States, based in Blackwood, NJ. It received its IRS tax-exemption ruling in August 1988, 38 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 September 2023, Destination Imagination Inc reported income of $4.4m and spending of $4.5m, spending 103% of its income. Across the 5 years on record, from September 2019 to September 2023, income fell from $8.6m to $4.4m (-49%), an average of -15% a year. The sharpest change came in the year to September 2022, when income rose by 143%. Over the whole period it spent 111% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Destination Imagination Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 93rd percentile within NJ. Charities of a similar size with the same main cause include El Bethel Terrace Inc ($4.4m), Sarasota Performing Arts Center Foundation Inc ($4.4m) and National Senior Communities Inc ($4.4m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 15% and program service revenue 82% of the total. Compensation of current officers, directors and key employees was $193k (4.3% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $440k against liabilities of $543k, net assets of -$103k. It reported 18 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.