Changing Destiny Project

Analysis

Changing Destiny Project is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in February 2016, 10 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Changing Destiny Project reported income of $590k and spending of $573k, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $440k to $590k (+34%), an average of +7.6% a year. The sharpest change came in the year to December 2021, when income rose by 20%. Over the whole period it spent 106% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Changing Destiny Project sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 77th percentile within TX. Charities of a similar size with the same main cause include Lost River Booster Club ($590k), Panhandle of Texas Lions Foundation Inc ($590k) and The Society of St Vincent de Paul of Memphis Inc ($589k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. At year end it held assets of $442k against liabilities of $195, net assets of $441k.