Destin High School Inc

Analysis

Destin High School Inc is a registered charity in United States, based in Destin, FL. It received its IRS tax-exemption ruling in March 2020, 6 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Destin High School Inc reported income of $6.1m and spending of $7.3m, spending 119% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $174k to $6.1m (+3427%), an average of +228% a year. The sharpest change came in the year to June 2021, when income rose by 569%. Over the whole period it spent 110% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Destin High School Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within FL. Charities of a similar size with the same main cause include American Baptist Theological Seminary ($6.1m), Pardes Jewish Day School Inc ($6.1m) and Pinnacle Canyon Academy ($6.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 22% and program service revenue 63% of the total. Other salaries and wages came to $2.5m. At year end it held assets of $20.5m against liabilities of $20.6m, net assets of -$152k. It reported 71 employees.