Destine Preparatory Charter School

Analysis

Destine Preparatory Charter School is a registered charity in United States, based in Schenectady, NY. It received its IRS tax-exemption ruling in November 2022, 4 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, Destine Preparatory Charter School reported income of $2.0m and spending of $2.3m, spending 116% of what it took in. Across the 2 years on record, from June 2022 to June 2023, income grew from $300k to $2.0m (+552%), an average of +552% a year. The sharpest change came in the year to June 2023, when income rose by 552%. Over the whole period it spent 105% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Destine Preparatory Charter School sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 82nd percentile within NY. Charities of a similar size with the same main cause include Carolina College of Biblical Studies ($2.0m), Adelphoi Foundation ($2.0m) and Institute for Islamic Christian and Jewish Studies Inc ($2.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $32k (1.4% of expenses). Other salaries and wages came to $787k. At year end it held assets of $2.4m against liabilities of $2.5m, net assets of -$122k. It reported 20 employees.