Destiny Christian Academy

Analysis

Destiny Christian Academy is a registered charity in United States, based in Saginaw, TX. It received its IRS tax-exemption ruling in June 2024, 2 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending July 2023, Destiny Christian Academy reported income of $637k and spending of $653k, spending 103% of its income. Across the 5 years on record, from July 2019 to July 2023, income grew from $450k to $637k (+42%), an average of +9.1% a year. The sharpest change came in the year to July 2022, when income rose by 31%. Over the whole period it spent 99% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Destiny Christian Academy sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 78th percentile within TX. Charities of a similar size with the same main cause include Communties Supporting Schools of Wayne County Inc ($636k), Wheeler Avenue Christian Academy Inc ($637k) and American Friends of Noam Eliezer Inc ($636k).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 30% and program service revenue 69% of the total. Compensation of current officers, directors and key employees was $68k (10% of expenses). Other salaries and wages came to $110k. At year end it held assets of $285k against liabilities of -$20k, net assets of $305k. It reported 56 employees.