Mansfield Discovery Depot

Analysis

Mansfield Discovery Depot is a registered charity in United States, based in Storrs, CT. It received its IRS tax-exemption ruling in September 2007, 19 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Mansfield Discovery Depot reported income of $1.8m and spending of $1.9m, spending 105% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $1.1m to $1.8m (+67%), an average of +11% a year. The sharpest change came in the year to June 2021, when income rose by 139%. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Mansfield Discovery Depot sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 83rd percentile within CT. Charities of a similar size with the same main cause include Superior Alliance for Independent Living ($1.8m), Barbara B Jordan YMCA ($1.8m) and St Francis Home of the Franciscan Missionary Sister of the I C Inc ($1.8m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 41% and program service revenue 59% of the total. Compensation of current officers, directors and key employees was $180k (9.6% of expenses). Other salaries and wages came to $769k. At year end it held assets of $840k against liabilities of $56k, net assets of $784k. It reported 60 employees.