Destined for Greatness Inc

Analysis

Destined for Greatness Inc is a registered charity in United States, based in Waco, TX. It received its IRS tax-exemption ruling in July 2019, 7 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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, Destined for Greatness Inc reported income of $86k and spending of $90k, spending 105% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $133k to $86k (-35%), an average of -35% a year. The sharpest change came in the year to December 2023, when income dropped by 35%. Over the whole period it spent 99% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Destined for Greatness Inc sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 35th percentile within TX. Charities of a similar size with the same main cause include Edisto Island Youth Recreation ($86k), Helping Friendly Farm Inc ($86k) and Operation CR Inc ($86k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $4,837 against liabilities of $0, net assets of $4,837.