Discovery Charter Prep School

Analysis

Discovery Charter Prep School is a registered charity in United States, based in Sylmar, CA. It received its IRS tax-exemption ruling in December 2001, 25 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2023, Discovery Charter Prep School reported income of $3.9m and spending of $4.3m, spending 110% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.9m to $3.9m (+2.1%), an average of +0.5% a year. The sharpest change came in the year to June 2022, when income dropped by 29%. Over the whole period it spent 100% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Discovery Charter Prep School sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 91st percentile within CA. Charities of a similar size with the same main cause include Duke Janjun Services Inc ($3.9m), Lumen Scholar Institute ($3.9m) and Founders Academy ($3.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $125k (2.9% of expenses). Other salaries and wages came to $1.8m. At year end it held assets of $9.0m against liabilities of $7.7m, net assets of $1.3m. It reported 38 employees.