Destination Education Family Services

Analysis

Destination Education Family Services is a registered charity in United States, based in Memphis, TN. It received its IRS tax-exemption ruling in June 2024, 2 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 December 2023, Destination Education Family Services reported income of $1.3m and spending of $1.3m, spending 100% of its income. Across the 2 years on record, from December 2021 to December 2023, income grew from $736k to $1.3m (+80%), an average of +80% a year. The sharpest change came in the year to December 2023, when income rose by 80%. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Destination Education Family Services sits at the 79th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 84th percentile within TN. Charities of a similar size with the same main cause include St John the Evangelist Conference ($1.3m), Southside Childrens Center ($1.3m) and Harvest Christian Daycare and Learning Center Inc ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 87% and program service revenue 13% of the total. Compensation of current officers, directors and key employees was $449k (34% of expenses). Other salaries and wages came to $46k. At year end it held assets of $1.3m against liabilities of $1.3m, net assets of $0. It reported 36 employees.