Destiny Builders Inc

Analysis

Destiny Builders Inc is a registered charity in United States, based in Coweta, OK. It received its IRS tax-exemption ruling in May 1995, 31 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Destiny Builders Inc reported income of $211k and spending of $195k, spending 92% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $188k to $211k (+12%), an average of +3.0% a year. The sharpest change came in the year to December 2022, when income rose by 19%. Over the whole period it spent 106% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Destiny Builders Inc sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 57th percentile within OK. Charities of a similar size with the same main cause include Ice Hockey Club at NC State Talley Student Union 4210 ($211k), Combatant Craft Crewman Association Inc ($211k) and Point Is ($211k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% and program service revenue 1.9% of the total. Compensation of current officers, directors and key employees was $104k (53% of expenses). Other salaries and wages came to $1,823. At year end it held assets of $48k against liabilities of $2,048, net assets of $46k.