Project Destined Inc

Analysis

Project Destined Inc is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in August 2017, 9 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, Project Destined Inc reported income of $2.6m and spending of $2.6m, spending 98% of its income. Across the 4 years on record, from December 2019 to December 2023, income grew from $744k to $2.6m (+255%), an average of +53% a year. The sharpest change came in the year to December 2021, when income rose by 234%. Over the whole period it spent 98% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Project Destined Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 71st percentile within DC. Charities of a similar size with the same main cause include Newroot Learning Institute ($2.6m), Meridian Medical Arts Charter High ($2.6m) and Chesapeake Montessori Foundation Inc ($2.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $292k against liabilities of $0, net assets of $292k.