Discovery Place

Analysis

Discovery Place is a registered charity in United States, based in Thief RVR FLS, MN. It received its IRS tax-exemption ruling in June 1972, 54 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, Discovery Place reported income of $726k and spending of $669k, spending 92% of its income. Across the 4 years on record, from August 2020 to August 2023, income grew from $560k to $726k (+30%), an average of +9.0% a year. The sharpest change came in the year to August 2021, when income rose by 38%. Over the whole period it spent 83% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Discovery Place sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 75th percentile within MN. Charities of a similar size with the same main cause include Abba House Human Development and Resources Center of Georgia ($725k), Prairie Harvest Mental Health ($726k) and Pregnancy Resource Center ($725k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 12% and program service revenue 87% of the total. Other salaries and wages came to $458k. At year end it held assets of $682k against liabilities of $44k, net assets of $637k. It reported 24 employees.