Destiny Ministries

Analysis

Destiny Ministries is a registered charity in United States, based in Arkansas City, KS. 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 Ministries reported income of $541k and spending of $164k, leaving 70% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $221k to $541k (+144%), an average of +25% a year. The sharpest change came in the year to December 2023, when income rose by 157%. Over the whole period it spent 64% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Destiny Ministries sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 72nd percentile within KS. Charities of a similar size with the same main cause include Lake Superior Bible Conference Association ($541k), Pediatric Pharmacy Advocacy Group Inc ($541k) and Army Week Association ($541k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $30k (18% of expenses). Other salaries and wages came to $21k. At year end it held assets of $750k against liabilities of $1,393, net assets of $748k. It reported 2 employees.