Destiny Foundation

Analysis

Destiny Foundation is a registered charity in United States, based in Lakewood, NJ. It received its IRS tax-exemption ruling in March 1998, 28 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Destiny Foundation reported income of $373k and spending of $641k, spending 172% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $411k to $373k (-9.3%), an average of -2.4% a year. The sharpest change came in the year to December 2022, when income rose by 84%. Over the whole period it spent 156% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Destiny Foundation sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 71st percentile within NJ. Charities of a similar size with the same main cause include Palm Springs Christian Academy Inc ($373k), Idaho Family Policy Center Inc ($373k) and Public Broadcasting Management Association ($373k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 56% and program service revenue 43% of the total. Other salaries and wages came to $132k. At year end it held assets of $533k against liabilities of $54k, net assets of $479k. It reported 4 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.