Your Destiny Inc
Nonprofit profile at a glance
- EIN
- 262531050
- IRS 990-EZ coverage
- 2014–2020
- Forms available
- Form 990-EZ 2020
- Location
- Charlotte, NC, USA
- Phone
- 7042776570
- Rating
- 87
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Adult, Continuing Education
Reported finances
- Revenue
- $114,594
- Expenses
- $128,219
- Assets
- $31,485
- Liabilities
- $91,155
Source: IRS Form 990-EZ. Selected filing: tax year 2020. Amounts in USD.
Leadership & pay
4 people listed
People named in this filing
- TIM ELLERBY (ASSISTANT)
- DAVID SHIPMAN (ASSISTANT)
- ANN BERNADETTE HILTON (ASSISTANT)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2020. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To ensure local underprivileged students in pre-k-12th grade in the program reach their potential and receive the highest grades possible in every subject. Students are also taught life skills which will help in their futures.
What it reported doing in 2020
Before and after school program and summer program
Operating model
- Revenue model
- Earned-program. 80% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and revenue has declined or grown slowly.
Rating breakdown
- Financial Efficiency: 100
- Transparency & Controls: 82
- Sustainability: 18
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 100%; rating input score 100
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: -11.9%; rating input score 11; 11th percentile among comparable filings
- Total-asset coverage ratio: 0.25; rating input score 16; 16th percentile among comparable filings
- Liabilities to assets ratio: 2.9; rating input score 2; 2nd percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 66; 66th percentile among comparable filings
Growth
- Program expense growth: 0.5% per year; rating input score 100; 38th percentile among comparable filings
- Revenue growth: -2.7% per year; rating input score 0; 18th percentile among comparable filings
- Asset growth: 6.9% per year; rating input score 100; 46th percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 100% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $128K in reported program spending
- Leadership: top reported pay $0 · 4 people listed
- Consistency: 7 of 7 current checks pass
- Schedules: 3 filed schedules
- Filing history: 6 filing years from 2014 to 2020
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Sustainability: Operating margin scored 11/100.
- High — Growth: Revenue growth scored 0/100.
- High — Sustainability: Total-asset coverage ratio scored 16/100.
- High — Sustainability: Liabilities to assets ratio scored 2/100.