Discovery Land Company Foundation

Analysis

Discovery Land Company Foundation is a registered charity in United States, based in Beverly Hills, CA. It received its IRS tax-exemption ruling in March 2007, 19 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 Land Company Foundation reported income of $3.3m and spending of $2.9m, spending 87% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $16.3m to $3.3m (-80%), an average of -33% a year. The sharpest change came in the year to December 2022, when income rose by 479%. Over the whole period it spent 52% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Discovery Land Company Foundation sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 90th percentile within CA. Charities of a similar size with the same main cause include Al Sigl Foundation Inc ($3.3m), Community Foundation for Loudoun and Northern Fauquier Counties ($3.3m) and Legacy Properties of the Community Foundation of Hancock County Inc ($3.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $229k (8.0% of expenses). At year end it held assets of $15.2m against liabilities of $325k, net assets of $14.9m. It reported 1 employees.