Destiny Church

Analysis

Destiny Church is a registered charity in United States, based in Damascus, MD. It received its IRS tax-exemption ruling in February 1964, 62 years ago. 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, Destiny Church reported income of $516k and spending of $395k, leaving 23% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $363k to $516k (+42%), an average of +9.1% a year. The sharpest change came in the year to December 2023, when income rose by 42%. Over the whole period it spent 87% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Destiny Church sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 70th percentile within MD. Charities of a similar size with the same main cause include Holy Angels Apartments Inc ($515k), National Church Residences of Kansas City Mo ($516k) and Delaware County Transportation Management Association ($515k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Other salaries and wages came to $129k. At year end it held assets of $305k against liabilities of $13k, net assets of $293k. It reported 3 employees.