Destination Education a Scholarship Foundation

Analysis

Destination Education a Scholarship Foundation is a registered charity in United States, based in Saint Paul, MN. It received its IRS tax-exemption ruling in May 2014, 12 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a private non-operating foundation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2021, Destination Education a Scholarship Foundation reported income of $100k and spending of $29k, leaving 71% of income unspent that year. Across the 3 years on record, from December 2019 to December 2021, income grew from $34k to $100k (+195%), an average of +72% a year. The sharpest change came in the year to December 2021, when income rose by 365%. Over the whole period it spent 66% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Destination Education a Scholarship Foundation sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 34th percentile within MN. Charities of a similar size with the same main cause include Oklahoma Health Sciences Facility ($100k), Educate Lanka Foundation Inc ($100k) and John Glenn Education Foundation ($100k).

On its Form 990 for the period ending December 2021, revenue came from contributions and grants 1.6% of the total. Compensation of current officers, directors and key employees was $5,538 (19% of expenses). Other salaries and wages came to $5,538. At year end it held assets of $366k against liabilities of $246, net assets of $366k. It reported 6 employees.