Destiny Of Greenwood Inc
Destiny Of Greenwood Inc faces declining revenue and assets, with expenses consistently exceeding income in recent years.
EIN: 200940005 · Mc Cormick, SC · NTEE: P20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $9K |
| Total Expenses | $64K |
| Program Spending | 85% |
| Net Assets | $7K |
| Transparency Score | 65/100 |
Is Destiny Of Greenwood Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Destiny Of Greenwood Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Destiny Of Greenwood Inc
Destiny Of Greenwood Inc (EIN: 200940005) is a nonprofit organization based in Mc Cormick, SC, classified under NTEE code P20. The organization reported total revenue of $9K and total assets of $328 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Destiny Of Greenwood Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Destiny Of Greenwood Inc is a micro nonprofit that has been operating for 22 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -3.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $60K |
| Total Expenses | $64K |
| Surplus / Deficit | $-3,208 |
| Total Assets | $7K |
| Net Assets | $7K |
| Operating Margin | -5.3% |
| Months of Reserves | 1.4 months |
Financial Health Grade: C
In 2023, Destiny Of Greenwood Inc reported a deficit of $3K with expenses exceeding revenue, holds 1.4 months of operating reserves (limited).
Financial Trends
Over 13 years of filings (2011–2023), Destiny Of Greenwood Inc's revenue has declined at a compound annual growth rate (CAGR) of -3.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -37.7% | -47.3% | -30.6% |
| 2022 | -29.8% | -28.7% | -79.3% |
| 2021 | -34.8% | -2.7% | -24.6% |
| 2020 | +75.5% | +49.2% | +106.7% |
| 2019 | +59.7% | +44.9% | +13.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2004 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Destiny Of Greenwood Inc with a Mission Score of 65 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Destiny Of Greenwood Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $3K, with expenses exceeding revenue.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no funds are allocated to executive salaries, which is highly favorable for direct program spending.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Destiny Of Greenwood Inc's IRS 990 filings:
- Consistent decline in revenue over the last three years (from $138,182 in 2021 to $60,408 in 2023).
- Expenses frequently exceed revenue in recent periods (e.g., $63,616 expenses vs. $60,408 revenue in 2023; $120,782 expenses vs. $96,953 revenue in 2022).
- Significant decrease in assets from $67,230 in 2020 to $7,269 in 2023.
Strengths
The following positive indicators were identified for Destiny Of Greenwood Inc:
- Zero officer compensation, indicating all funds are directed towards the mission.
- No reported liabilities in the most recent filings (2021, 2022, 2023), suggesting good debt management.
Frequently Asked Questions about Destiny Of Greenwood Inc
Is Destiny Of Greenwood Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Destiny Of Greenwood Inc (EIN: 200940005) some concerns. Mission Score: 65/100. 3 red flags identified, 2 strengths noted.
How does Destiny Of Greenwood Inc spend its money?
Destiny Of Greenwood Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Destiny Of Greenwood Inc tax-deductible?
Destiny Of Greenwood Inc is registered as a tax-exempt nonprofit (EIN: 200940005). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Destiny Of Greenwood Inc's spending goes to programs?
Destiny Of Greenwood Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Destiny Of Greenwood Inc compare to similar nonprofits?
With a transparency score of 65/100 (Good), Destiny Of Greenwood Inc is above average for NTEE category P20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Destiny Of Greenwood Inc located?
Destiny Of Greenwood Inc is headquartered in Mc Cormick, South Carolina and files with the IRS under EIN 200940005. It is classified under NTEE code P20.
How many years of IRS 990 filings does Destiny Of Greenwood Inc have?
Destiny Of Greenwood Inc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $9K in total revenue.
Is Destiny Of Greenwood Inc financially stable?
Based on recent filings, the organization shows signs of financial instability, with revenue declining from $211,967 in 2020 to $60,408 in 2023, and expenses frequently exceeding revenue, leading to a decrease in assets from $67,230 to $7,269 over the same period.
How does Destiny Of Greenwood Inc manage its executive compensation?
Destiny Of Greenwood Inc reports 0% officer compensation in all available filings, meaning no funds are used for executive salaries, which is a strong positive for resource allocation.
What is the trend in the organization's assets?
The organization's assets have significantly decreased, from a high of $67,230 in 2020 to $7,269 in 2023, indicating a depletion of reserves or a reduction in overall financial holdings.
Filing History
IRS 990 filing history for Destiny Of Greenwood Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Destiny Of Greenwood Inc's revenue has declined by 34.1%, moving from $92K to $60K. Total assets decreased by 68.5% over the same period, from $23K to $7K. Total functional expenses fell by 29.9%, from $91K to $64K. In its most recent filing year (2023), Destiny Of Greenwood Inc reported a deficit of $3K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $60K | $64K | $7K | $0 | — | — |
| 2022 | $97K | $121K | $10K | $0 | — | View 990 |
| 2021 | $138K | $169K | $51K | $0 | — | — |
| 2020 | $212K | $174K | $67K | $177 | — | — |
| 2019 | $121K | $117K | $33K | $1K | — | View 990 |
| 2018 | $76K | $81K | $29K | $1K | — | View 990 |
| 2017 | $72K | $77K | $33K | $1K | — | View 990 |
| 2016 | $79K | $63K | $37K | $121 | — | View 990 |
| 2015 | $76K | $80K | $27K | $6K | — | View 990 |
| 2014 | $108K | $92K | $26K | $0 | — | View 990 |
| 2013 | $88K | $92K | $16K | $6K | — | View 990 |
| 2012 | $97K | $103K | $18K | $3K | — | View 990 |
| 2011 | $92K | $91K | $23K | $2K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $60K, expenses of $64K, and assets of $7K (revenue -37.7% year-over-year).
- 2022: Revenue of $97K, expenses of $121K, and assets of $10K (revenue -29.8% year-over-year).
- 2021: Revenue of $138K, expenses of $169K, and assets of $51K (revenue -34.8% year-over-year).
- 2020: Revenue of $212K, expenses of $174K, and assets of $67K (revenue +75.5% year-over-year).
- 2019: Revenue of $121K, expenses of $117K, and assets of $33K (revenue +59.7% year-over-year).
- 2018: Revenue of $76K, expenses of $81K, and assets of $29K (revenue +4.4% year-over-year).
- 2017: Revenue of $72K, expenses of $77K, and assets of $33K (revenue -7.8% year-over-year).
- 2016: Revenue of $79K, expenses of $63K, and assets of $37K (revenue +3.9% year-over-year).
- 2015: Revenue of $76K, expenses of $80K, and assets of $27K (revenue -29.9% year-over-year).
- 2014: Revenue of $108K, expenses of $92K, and assets of $26K (revenue +22.8% year-over-year).
- 2013: Revenue of $88K, expenses of $92K, and assets of $16K (revenue -9.5% year-over-year).
- 2012: Revenue of $97K, expenses of $103K, and assets of $18K (revenue +5.9% year-over-year).
- 2011: Revenue of $92K, expenses of $91K, and assets of $23K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Destiny Of Greenwood Inc:
Data Sources and Methodology
This transparency report for Destiny Of Greenwood 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.