Destiny Advanced Learning Center

Analysis

Destiny Advanced Learning Center is a registered charity in United States, based in Globe, AZ. It received its IRS tax-exemption ruling in May 2000, 26 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, Destiny Advanced Learning Center reported income of $4.9m and spending of $4.1m, spending 84% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.6m to $4.9m (+36%), an average of +8.0% a year. The sharpest change came in the year to June 2022, when income rose by 18%. Over the whole period it spent 89% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Destiny Advanced Learning Center sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 90th percentile within AZ. Charities of a similar size with the same main cause include Partnership for Art at the Core of Education Inc ($4.9m), Christ the King Continuing Education Inc ($4.9m) and The Moog Center for Deaf Education ($4.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% and program service revenue 0.3% of the total. Compensation of current officers, directors and key employees was $374k (9.2% of expenses). Other salaries and wages came to $1.9m. At year end it held assets of $3.0m against liabilities of $116k, net assets of $2.9m. It reported 71 employees.