Destiny Power & Purpose Inc
Destiny Power & Purpose Inc. maintains stable operations with no reported officer compensation, despite fluctuating assets and liabilities.
EIN: 205514658 · Washington, DC · NTEE: P40 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $482K |
| Total Expenses | $375K |
| Program Spending | 85% |
| Net Assets | $70K |
| Transparency Score | 85/100 |
Is Destiny Power & Purpose Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Destiny Power & Purpose Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Destiny Power & Purpose Inc
Destiny Power & Purpose Inc (EIN: 205514658) is a nonprofit organization based in Washington, DC, classified under NTEE code P40. The organization reported total revenue of $482K and total assets of $67K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Destiny Power & Purpose Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Destiny Power & Purpose Inc is a small nonprofit that has been operating for 19 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 29.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $349K |
| Total Expenses | $375K |
| Surplus / Deficit | $-25,306 |
| Total Assets | $137K |
| Total Liabilities | $68K |
| Net Assets | $70K |
| Operating Margin | -7.2% |
| Debt-to-Asset Ratio | 49.3% |
| Months of Reserves | 4.4 months |
Financial Health Grade: B
In 2023, Destiny Power & Purpose Inc reported a deficit of $25K with expenses exceeding revenue, holds 4.4 months of operating reserves (adequate), has a debt-to-asset ratio of 49.3% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Destiny Power & Purpose Inc's revenue has grown at a compound annual growth rate (CAGR) of 29.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -6.2% | -7.5% | -47.9% |
| 2022 | -1.5% | -0.5% | -7.6% |
| 2021 | +17.8% | +37.2% | +56.7% |
| 2020 | -14.2% | -17.4% | +14.0% |
| 2019 | -3.2% | +6.6% | +10.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
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 Power & Purpose Inc with a Mission Score of 85 out of 100 (Excellent). 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 Power & Purpose 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 $25K, with expenses exceeding revenue.
- Debt-to-asset ratio: 49.3%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that officers are either volunteers or compensated through non-officer categories, which is a positive sign for minimizing administrative costs relative to the organization's size and revenue.
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 Power & Purpose Inc's IRS 990 filings:
- Occasional operating deficits, such as in 2023 where expenses ($374,554) exceeded revenue ($349,248)
- Fluctuating liabilities, which peaked at $165,500 in 2022, indicating potential financial management challenges in some periods.
Strengths
The following positive indicators were identified for Destiny Power & Purpose Inc:
- Consistent 0% officer compensation reported, indicating efficient use of funds for mission-related activities.
- Strong history of IRS 990 filings (13 filings), demonstrating transparency and accountability.
- Long-term growth in assets, from $35,589 in 2014 to $137,321 in 2023, indicating increasing financial capacity.
- Revenues generally cover expenses, showing operational sustainability over time.
Frequently Asked Questions about Destiny Power & Purpose Inc
Is Destiny Power & Purpose Inc a legitimate charity?
Destiny Power & Purpose Inc (EIN: 205514658) is a registered tax-exempt nonprofit based in Washington DC. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $482K. 2 red flags identified. 4 strengths noted. Financial health grade: B.
How does Destiny Power & Purpose Inc spend its money?
Destiny Power & Purpose Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Destiny Power & Purpose Inc tax-deductible?
Destiny Power & Purpose Inc is registered as a tax-exempt nonprofit (EIN: 205514658). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Destiny Power & Purpose Inc's spending goes to programs?
Destiny Power & Purpose Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Destiny Power & Purpose Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Destiny Power & Purpose Inc is above average for NTEE category P40 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Destiny Power & Purpose Inc located?
Destiny Power & Purpose Inc is headquartered in Washington, Washington DC and files with the IRS under EIN 205514658. It is classified under NTEE code P40.
How many years of IRS 990 filings does Destiny Power & Purpose Inc have?
Destiny Power & Purpose 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 $482K in total revenue.
Is Destiny Power & Purpose Inc. financially stable?
Yes, the organization generally maintains financial stability, with revenues often exceeding or closely matching expenses. For example, in 2023, revenue was $349,248 against expenses of $374,554, showing a manageable deficit. Assets have also shown growth over the long term.
How does Destiny Power & Purpose Inc. manage executive compensation?
The organization consistently reports 0% officer compensation in all available IRS 990 filings, suggesting that executive leadership is not compensated through traditional officer salary structures, which can contribute to lower overhead.
What is the trend in the organization's assets and liabilities?
Assets have generally increased over the past decade, from $35,589 in 2014 to $137,321 in 2023. Liabilities have fluctuated, with a notable increase in 2022 to $165,500, but decreased to $67,631 in 2023, indicating some volatility but recent improvement.
Is Destiny Power & Purpose Inc. transparent with its finances?
Yes, the organization demonstrates good transparency by consistently filing its IRS Form 990s, with 13 filings available, providing a comprehensive financial history.
Filing History
IRS 990 filing history for Destiny Power & Purpose Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Destiny Power & Purpose Inc's revenue has grown by 2175.5%, moving from $15K to $349K. Total assets increased by 6582.3% over the same period, from $2K to $137K. Total functional expenses rose by 1220%, from $28K to $375K. In its most recent filing year (2023), Destiny Power & Purpose Inc reported a deficit of $25K, with expenses exceeding revenue. The organization holds $68K in liabilities against $137K in assets (debt-to-asset ratio: 49.3%), resulting in net assets of $70K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $349K | $375K | $137K | $68K | — | — |
| 2022 | $372K | $405K | $263K | $166K | — | View 990 |
| 2021 | $378K | $407K | $285K | $153K | — | View 990 |
| 2020 | $321K | $296K | $182K | $21K | — | View 990 |
| 2019 | $374K | $359K | $160K | $28K | — | View 990 |
| 2018 | $386K | $337K | $145K | $28K | — | View 990 |
| 2017 | $314K | $303K | $147K | $79K | — | View 990 |
| 2016 | $320K | $348K | $58K | $20K | — | View 990 |
| 2015 | $261K | $243K | $65K | $24K | — | View 990 |
| 2014 | $302K | $274K | $36K | $19K | — | View 990 |
| 2013 | $241K | $244K | $14K | $24K | — | View 990 |
| 2012 | $135K | $113K | $22K | $30K | — | View 990 |
| 2011 | $15K | $28K | $2K | $29K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $349K, expenses of $375K, and assets of $137K (revenue -6.2% year-over-year).
- 2022: Revenue of $372K, expenses of $405K, and assets of $263K (revenue -1.5% year-over-year).
- 2021: Revenue of $378K, expenses of $407K, and assets of $285K (revenue +17.8% year-over-year).
- 2020: Revenue of $321K, expenses of $296K, and assets of $182K (revenue -14.2% year-over-year).
- 2019: Revenue of $374K, expenses of $359K, and assets of $160K (revenue -3.2% year-over-year).
- 2018: Revenue of $386K, expenses of $337K, and assets of $145K (revenue +22.9% year-over-year).
- 2017: Revenue of $314K, expenses of $303K, and assets of $147K (revenue -1.9% year-over-year).
- 2016: Revenue of $320K, expenses of $348K, and assets of $58K (revenue +22.8% year-over-year).
- 2015: Revenue of $261K, expenses of $243K, and assets of $65K (revenue -13.5% year-over-year).
- 2014: Revenue of $302K, expenses of $274K, and assets of $36K (revenue +25.1% year-over-year).
- 2013: Revenue of $241K, expenses of $244K, and assets of $14K (revenue +79.0% year-over-year).
- 2012: Revenue of $135K, expenses of $113K, and assets of $22K (revenue +777.3% year-over-year).
- 2011: Revenue of $15K, expenses of $28K, and assets of $2K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Destiny Power & Purpose Inc:
Data Sources and Methodology
This transparency report for Destiny Power & Purpose 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.