Destiny Adoption Services and Consulting Inc

Analysis

Destiny Adoption Services and Consulting Inc is a registered charity in United States, based in St Petersburg, FL. It received its IRS tax-exemption ruling in July 2004, 22 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Destiny Adoption Services and Consulting Inc reported income of $807k and spending of $818k, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.5m to $807k (-48%), an average of -15% a year. The sharpest change came in the year to December 2020, when income dropped by 50%. Over the whole period it spent 107% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Destiny Adoption Services and Consulting Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 79th percentile within FL. Charities of a similar size with the same main cause include Sammys House ($807k), Light of Hope Immigration Law Center Inc ($807k) and The Lighthouse-Advocacy Prevention and Education Center ($806k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 2.5% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $53k (6.4% of expenses). Other salaries and wages came to $79k. At year end it held assets of $3,888 against liabilities of $397k, net assets of -$393k. It reported 1 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.