Destined for Grace

Analysis

Destined for Grace is a registered charity in United States, based in Carpinteria, CA. It received its IRS tax-exemption ruling in January 2009, 17 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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 June 2024, Destined for Grace reported income of $76k and spending of $128k, spending 169% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income fell from $117k to $76k (-35%), an average of -8.3% a year. The sharpest change came in the year to June 2021, when income rose by 233%. Over the whole period it spent 32% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Destined for Grace sits at the 27th percentile: it is larger than about 27% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 32nd percentile within CA. Charities of a similar size with the same main cause include Exito En LA Familia ($76k), Korea America Economic Association Dept of Economics & Geography ($76k) and Lighthouse of Hope ($76k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 71% and program service revenue 7.6% of the total. Other salaries and wages came to $72k. At year end it held assets of $1.4m against liabilities of $0, net assets of $1.4m. It reported 68 employees.