Living Destiny Tabernacle

Analysis

Living Destiny Tabernacle is a registered charity in United States, based in Norfolk, VA. It received its IRS tax-exemption ruling in December 2012, 14 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 December 2023, Living Destiny Tabernacle reported income of $404k and spending of $396k, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $217k to $404k (+86%), an average of +17% a year. The sharpest change came in the year to December 2021, when income rose by 43%. Over the whole period it spent 85% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Living Destiny Tabernacle sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 66th percentile within VA. Charities of a similar size with the same main cause include Christ Liberty Ministry ($404k), Heritage for the Blind Inc ($404k) and U-Turn Ministries Inc ($403k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $63k (16% of expenses). Other salaries and wages came to $41k. At year end it held assets of $992k against liabilities of $720k, net assets of $272k. It reported 7 employees.