Destiny Arts Center

Analysis

Destiny Arts Center is a registered charity in United States, based in Oakland, CA. It received its IRS tax-exemption ruling in July 1995, 31 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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 June 2023, Destiny Arts Center reported income of $2.7m and spending of $2.7m, spending 102% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $2.3m to $2.7m (+15%), an average of +4.8% a year. The sharpest change came in the year to June 2021, when income rose by 19%. Over the whole period it spent 85% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Destiny Arts Center sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 89th percentile within CA. Charities of a similar size with the same main cause include Special Olympics Kansas Inc ($2.7m), American Gold Gymnastics ($2.7m) and Deerfield Fair Association Inc ($2.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 67% and program service revenue 29% of the total. Other salaries and wages came to $1.7m. At year end it held assets of $3.9m against liabilities of $42k, net assets of $3.9m. It reported 90 employees.