Discovery Ministries Inc

Analysis

Discovery Ministries Inc is a registered charity in United States, based in Haddonfield, NJ. It received its IRS tax-exemption ruling in April 1999, 27 years ago. Its declared purposes cover unknown, which this site groups under other charitable 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 August 2023, Discovery Ministries Inc reported income of $213k and spending of $148k, leaving 30% of income unspent that year. Across the 4 years on record, from August 2019 to August 2023, income grew from $115k to $213k (+84%), an average of +23% a year. The sharpest change came in the year to August 2021, when income rose by 76%. Over the whole period it spent 55% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Discovery Ministries Inc sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 62nd percentile within NJ. Charities of a similar size with the same main cause include Stones Crying Out ($213k), Salisbury Winter Sports Assoc Inc ($213k) and Key of David Christian Church ($213k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 66% and program service revenue 34% of the total. At year end it held assets of $941k against liabilities of $0, net assets of $941k.