Destiny Living Ministries a NJ Nonprofit Corporation

Analysis

Destiny Living Ministries a NJ Nonprofit Corporation is a registered charity in United States, based in Cranford, NJ. It received its IRS tax-exemption ruling in July 2020, 6 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 2022, Destiny Living Ministries a NJ Nonprofit Corporation reported income of $185k and spending of $173k, spending 94% of its income. Across the 2 years on record, from December 2021 to December 2022, income grew from $102k to $185k (+82%), an average of +82% a year. The sharpest change came in the year to December 2022, when income rose by 82%. Over the whole period it spent 96% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Destiny Living Ministries a NJ Nonprofit Corporation sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 59th percentile within NJ. Charities of a similar size with the same main cause include Jeremiah Bolich Ministries Inc ($185k), WMBC Foundation ($185k) and Letmeintroduceyou ($185k).

On its Form 990-EZ for the period ending December 2022, revenue came from contributions and grants 100% of the total. At year end it held assets of $99k against liabilities of $0, net assets of $99k.