Destination Imagination Inc
EIN: 460386509 · Aberdeen, SD · NTEE: B90Z
| Metric | Value |
|---|---|
| Total Expenses | $28K |
| Net Assets | $-1,711 |
Is Destination Imagination Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Destination Imagination Inc
Destination Imagination Inc (EIN: 460386509) is a nonprofit organization based in Aberdeen, SD, classified under NTEE code B90Z. The organization reported total revenue of $0 and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Destination Imagination Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Destination Imagination Inc is a micro nonprofit that has been operating for 7 years, with 4 years of IRS 990 filings on record (2012–2015). Revenue has grown at a compound annual rate of -8.3%.
Key Financial Metrics (2015)
From the most recent IRS 990 filing on record:
| Total Revenue | $27K |
| Total Expenses | $28K |
| Surplus / Deficit | $-1,123 |
| Total Assets | $2K |
| Total Liabilities | $4K |
| Net Assets | $-1,711 |
| Operating Margin | -4.1% |
| Debt-to-Asset Ratio | 172.0% |
| Months of Reserves | 1.0 months |
Financial Health Grade: D
In 2015, Destination Imagination Inc reported a deficit of $1K with expenses exceeding revenue, holds 1.0 months of operating reserves (limited), has a debt-to-asset ratio of 172.0% (high leverage).
Financial Trends
Over 4 years of filings (2012–2015), Destination Imagination Inc's revenue has declined at a compound annual growth rate (CAGR) of -8.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2015 | -33.6% | -36.2% | -65.4% |
| 2014 | +42.5% | +34.7% | +120.4% |
| 2013 | -18.6% | -14.4% | -56.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2019 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Destination Imagination Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Destination Imagination Inc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2015)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $1K, with expenses exceeding revenue.
- Debt-to-asset ratio: 172.0%.
Frequently Asked Questions about Destination Imagination Inc
Is Destination Imagination Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Destination Imagination Inc (EIN: 460386509) insufficient data. 0 red flags identified, 0 strengths noted.
How does Destination Imagination Inc spend its money?
Detailed spending breakdown data is not yet available for Destination Imagination Inc. Check back for updated IRS 990 analysis.
Are donations to Destination Imagination Inc tax-deductible?
Destination Imagination Inc is registered as a tax-exempt nonprofit (EIN: 460386509). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Destination Imagination Inc located?
Destination Imagination Inc is headquartered in Aberdeen, South Dakota and files with the IRS under EIN 460386509. It is classified under NTEE code B90Z.
How many years of IRS 990 filings does Destination Imagination Inc have?
Destination Imagination Inc has 4 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data.
Filing History
IRS 990 filing history for Destination Imagination Inc showing financial trends over 4 years of public records:
Over 4 years of IRS 990 filings (2012–2015), Destination Imagination Inc's revenue has declined by 23%, moving from $35K to $27K. Total assets decreased by 66.7% over the same period, from $7K to $2K. Total functional expenses fell by 26.5%, from $39K to $28K. In its most recent filing year (2015), Destination Imagination Inc reported a deficit of $1K, with expenses exceeding revenue. The organization holds $4K in liabilities against $2K in assets (debt-to-asset ratio: 172.0%), resulting in net assets of $-1,711.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2015 | $27K | $28K | $2K | $4K | — | View 990 |
| 2014 | $41K | $45K | $7K | $7K | — | View 990 |
| 2013 | $29K | $33K | $3K | $256 | — | View 990 |
| 2012 | $35K | $39K | $7K | $43 | — | View 990 |
Year-by-Year Financial Summary
- 2015: Revenue of $27K, expenses of $28K, and assets of $2K (revenue -33.6% year-over-year).
- 2014: Revenue of $41K, expenses of $45K, and assets of $7K (revenue +42.5% year-over-year).
- 2013: Revenue of $29K, expenses of $33K, and assets of $3K (revenue -18.6% year-over-year).
- 2012: Revenue of $35K, expenses of $39K, and assets of $7K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Destination Imagination Inc:
Data Sources and Methodology
This transparency report for Destination Imagination Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.