Departure Institute Inc

Analysis

Departure Institute Inc is a registered charity in United States, based in Atlanta, GA. It received its IRS tax-exemption ruling in March 2019, 7 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 2022, Departure Institute Inc reported income of $305k and spending of $521k, spending 171% of what it took in. Across the 2 years on record, from December 2021 to December 2022, income fell from $707k to $305k (-57%), an average of -57% a year. The sharpest change came in the year to December 2022, when income dropped by 57%. Over the whole period it spent 117% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Departure Institute Inc sits at the 69th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 66th percentile within GA. Charities of a similar size with the same main cause include Action Youth Media Inc ($305k), Abington Community Access and Media Inc ($305k) and Renaissance City Theater Inc ($305k).

On its Form 990 for the period ending December 2022, revenue came from program service revenue 100% of the total. At year end it held assets of $329k against liabilities of $500k, net assets of -$171k.