Embracing Destiny Foundation

Analysis

Embracing Destiny Foundation is a registered charity in United States, based in Spring, TX. It received its IRS tax-exemption ruling in November 2005, 21 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 2022, Embracing Destiny Foundation reported income of $2.0m and spending of $1.9m, spending 99% of its income. Across the 2 years on record, from December 2019 to December 2022, income grew from $1.8m to $2.0m (+11%), an average of +11% a year. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Embracing Destiny Foundation sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 89th percentile within TX. Charities of a similar size with the same main cause include Valley Onward ($2.0m), Twelveacres Incorporated ($2.0m) and Oasis Womens Center ($2.0m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 7.8% and program service revenue 92% of the total. Compensation of current officers, directors and key employees was $329k (17% of expenses). Other salaries and wages came to $990k. At year end it held assets of $452k against liabilities of $17k, net assets of $435k. It reported 42 employees.