Destination Tomorrow Inc

Analysis

Destination Tomorrow Inc is a registered charity in United States, based in Bronx, NY. It received its IRS tax-exemption ruling in December 2014, 12 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 June 2023, Destination Tomorrow Inc reported income of $5.6m and spending of $5.7m, spending 103% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.0m to $5.6m (+452%), an average of +53% a year. The sharpest change came in the year to June 2020, when income rose by 188%. Over the whole period it spent 99% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Destination Tomorrow Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 90th percentile within NY. Charities of a similar size with the same main cause include Ending Community Homelessness Coalition Inc ($5.6m), Schoharie County Child Development Council Inc ($5.6m) and 6 Stones Mission Network ($5.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $1.9m. At year end it held assets of $6.5m against liabilities of $6.3m, net assets of $242k. It reported 48 employees.