Minnesota Discovery Center

Analysis

Minnesota Discovery Center is a registered charity in United States, based in Chisholm, MN. It received its IRS tax-exemption ruling in August 2005, 21 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, Minnesota Discovery Center reported income of $2.9m and spending of $3.1m, spending 109% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.2m to $2.9m (+32%), an average of +7.2% a year. The sharpest change came in the year to June 2021, when income rose by 23%. Over the whole period it spent 95% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Minnesota Discovery Center sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 88th percentile within MN. Charities of a similar size with the same main cause include Hindman Settlement School Inc ($2.9m), Aspire Public Schools Foundation ($2.9m) and Baptist Theological Union Located at Chicago ($2.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 69% and program service revenue 4.8% of the total. Compensation of current officers, directors and key employees was $123k (3.9% of expenses). Other salaries and wages came to $1.5m. At year end it held assets of $13.9m against liabilities of $442k, net assets of $13.5m. It reported 89 employees.