Recreation & Sports
(N31Z)
IRS Verified
DX Registered
990 on File
DESTINY ARTS CENTER
Financial strength (30%)
81/100
Reliability (20%)
55/100
Effectiveness (25%)
100/100
Impact (25%)
No data yet
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CharityAI™ Score
Not yet evaluated
Mission Statement
Destiny Arts Center’s mission is to inspire and ignite social change through the arts.
Financial Overview — FY 2024
$3.4M
Total Revenue
$3.4M
Total Expenses
$3.9M
Net Assets
90
Employees
Revenue Sources
Expense Breakdown
Program Expense Ratio
80.8%
Fundraising Efficiency
228.0%
Operating Reserve
13.60x
Liability-to-Asset
7.9%
Revenue Diversification
64.3%
Executive Compensation
$0
Compared with Peers
FY 2024
Compared with 1,615 similar organizations
(United States, Recreation & Sports, $1M–$10M in expenses), FY 2024.
This organization
Middle half of peers (P25–P75)
Peer median
| Ratio | This org | Peer median | Position (P10 → P90) | |
|---|---|---|---|---|
|
Program expense ratio
Program expenses / total expenses
· higher is better
|
80.8% | 87.4% |
P10P90
|
Below median |
|
Admin expense ratio
Management and general / total expenses
· lower is better
|
9.7% | 9.7% |
P10P90
|
Below median |
|
Fundraising expense ratio
Fundraising expenses / total expenses
· lower is better
|
9.5% | 0.0% |
P10P90
|
Bottom quarter |
|
Fundraising efficiency
Fundraising expenses / gross fundraising income
· lower is better
|
228.0% | 37.7% |
P10P90
|
Below median |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
13.6 mo | 8.2 mo |
P10P90
|
Above median |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
7.9% | 11.0% |
P10P90
|
Above median |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
64.3% | 89.6% |
P10P90
|
Top quarter |
|
Revenue growth
Year over year revenue growth
|
26.3% | 9.3% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
24.5% | 9.5% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
-0.8% | 2.8% |
P10P90
|
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2024 | $3.4M | $3.4M | $3.9M | 80.8% | 90 |
| 2023 | $2.7M | $2.7M | $3.9M | 78.2% | 90 |
| 2022 | $2.5M | $2.2M | $4.1M | 66.0% | 63 |
| 2021 | $5.1M | $1.8M | N/A | — | 63 |
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