Discovery Museums Inc

Analysis

Discovery Museums Inc is a registered charity in United States, based in Acton, MA. It received its IRS tax-exemption ruling in June 1987, 39 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Discovery Museums Inc reported income of $4.6m and spending of $3.9m, spending 86% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.9m to $4.6m (+57%), an average of +12% a year. The sharpest change came in the year to December 2021, when income rose by 113%. Over the whole period it spent 88% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Discovery Museums Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 90th percentile within MA. Charities of a similar size with the same main cause include Tibet House Inc ($4.6m), American Opinion Foundation Inc ($4.6m) and Tales of the Cocktail Foundation Inc ($4.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 55% and program service revenue 42% of the total. Compensation of current officers, directors and key employees was $2.1m (52% of expenses). At year end it held assets of $12.8m against liabilities of $2.0m, net assets of $10.7m. It reported 95 employees.