New Destiny Daycare and Learning Academy

Analysis

New Destiny Daycare and Learning Academy is a registered charity in United States, based in Meridian, MS. It received its IRS tax-exemption ruling in June 2012, 14 years ago. 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, New Destiny Daycare and Learning Academy reported income of $595k and spending of $709k, spending 119% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $604k to $595k (-1.5%), an average of -0.4% a year. The sharpest change came in the year to December 2022, when income rose by 125%. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, New Destiny Daycare and Learning 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 73rd percentile, and in the 74th percentile within MS. Charities of a similar size with the same main cause include St Thomas Orthodox Church of India ($595k), Kai Opua Canoe Club Inc ($595k) and Bedford Free Library ($595k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 74% and program service revenue 26% of the total. Other salaries and wages came to $470k. At year end it held assets of $183k against liabilities of $0, net assets of $183k. It reported 26 employees.