Destiny Arts Center
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 1,011,345 | 865,159 | 146,186 | 10.3 | 64% |
| 2012 | 886,086 | 950,708 | −64,622 | 8.6 | 68% |
| 2013 | 1,196,405 | 953,284 | 243,121 | 11.6 | 65% |
| 2014 | 1,030,804 | 1,057,023 | −26,219 | 10.2 | 59% |
| 2015 | 1,552,417 | 1,306,683 | 245,734 | 10.5 | 63% |
| 2016 | 2,879,865 | 1,596,898 | 1,282,967 | 18.2 | 58% |
| 2017 | 1,903,242 | 1,899,705 | 3,537 | 14.2 | 60% |
| 2018 | 1,942,863 | 2,028,150 | −85,287 | 12.8 | 60% |
| 2019 | 2,154,683 | 1,929,114 | 225,569 | 14.9 | 59% |
| 2020 | 2,337,492 | 1,969,611 | 367,881 | 16.8 | 63% |
| 2021 | 2,782,125 | 1,830,160 | 951,965 | 24.3 | 69% |
| 2022 | 2,432,032 | 2,182,205 | 249,827 | 21.8 | 58% |
| 2023 | 2,686,917 | 2,746,799 | −59,882 | 17.0 | 61% |
In its most recent public year (2023), this organization spent $59,882 more than it brought in. Its reserves stood at about 17 months of spending, up from 10.3 in 2011. Staff pay was 61% of spending. $2,651,364 of its net assets are donor-restricted.
Reserve months = net assets ÷ average monthly spending; net assets count everything the organization owns beyond its debts — buildings and donor-restricted funds included, not just cash. Staff pay = salaries, wages, and officer compensation; it excludes benefits and payroll taxes. The IRS releases this data years after the fact — this organization's newest public year is 2023. Years refer to the calendar year in which the organization's fiscal year ended. Short-form filers do not publicly report donor-restricted balances or staffing costs. Source filings
Destiny Arts Center's IRS filings as a feed — one entry per filing year, through 2023. Add the address to any feed reader; in Slack, send /feed subscribe with it (pasting the link alone won't subscribe). How this feed works