Desta

Analysis

Desta is a registered charity in United States, based in Littleton, CO. It received its IRS tax-exemption ruling in April 1998, 28 years ago. Its declared purposes cover employment, which this site groups under community and economic 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, Desta reported income of $3.3m and spending of $3.2m, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.3m to $3.3m (+0.2%), an average of +0.1% a year. Over the whole period it spent 96% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Desta sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 90th percentile within CO. Charities of a similar size with the same main cause include Harwood Institute for Public Innovation ($3.3m), Hattiesburg Tourism Commission ($3.3m) and Insulation Industrys National Apprentice and Training Fund ($3.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% and program service revenue 0.1% of the total. Compensation of current officers, directors and key employees was $305k (9.5% of expenses). Other salaries and wages came to $1.6m. At year end it held assets of $1.6m against liabilities of $71k, net assets of $1.6m. It reported 45 employees.