Project Destiny Inc

Analysis

Project Destiny Inc is a registered charity in United States, based in Pittsburgh, PA. It received its IRS tax-exemption ruling in March 2005, 21 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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, Project Destiny Inc reported income of $2.4m and spending of $2.4m, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.3m to $2.4m (+78%), an average of +16% a year. The sharpest change came in the year to December 2020, when income rose by 94%. Over the whole period it spent 98% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Project Destiny Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 86th percentile within PA. Charities of a similar size with the same main cause include Boy Scouts of America ($2.4m), Boys & Girls Club of Northwest Colorado ($2.4m) and Diy Girls ($2.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 67% and program service revenue 33% of the total. Compensation of current officers, directors and key employees was $78k (3.2% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $2.4m against liabilities of $145k, net assets of $2.3m. It reported 26 employees.