The Discovery Orchestra Inc

Analysis

The Discovery Orchestra Inc is a registered charity in United States, based in Summit, NJ. It received its IRS tax-exemption ruling in April 1988, 38 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 June 2023, The Discovery Orchestra Inc reported income of $430k and spending of $673k, spending 156% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $351k to $430k (+23%), an average of +7.0% a year. The sharpest change came in the year to June 2021, when income rose by 133%. Over the whole period it spent 92% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, The Discovery Orchestra Inc sits at the 75th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 73rd percentile within NJ. Charities of a similar size with the same main cause include Day Eight ($430k), Presser Arts Center ($430k) and Theatre of the Emerging American Moment ($430k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 76% of the total. Compensation of current officers, directors and key employees was $123k (18% of expenses). Other salaries and wages came to $183k. At year end it held assets of $506k against liabilities of $32k, net assets of $474k. It reported 119 employees.