Discovery Space of Centralpennsylvania Inc

Analysis

Discovery Space of Centralpennsylvania Inc is a registered charity in United States, based in State College, PA. It received its IRS tax-exemption ruling in September 2007, 19 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 August 2023, Discovery Space of Centralpennsylvania Inc reported income of $1.3m and spending of $1.3m, spending 103% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $897k to $1.3m (+42%), an average of +9.2% a year. The sharpest change came in the year to August 2020, when income rose by 21%. Over the whole period it spent 90% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Discovery Space of Centralpennsylvania Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 80th percentile within PA. Charities of a similar size with the same main cause include St Louis Regional Advanced Manufacturing Innovation Center ($1.3m), Broadway Dreams Foundation Corporation ($1.3m) and Blissfest Music Organization ($1.3m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 76% and program service revenue 23% of the total. Other salaries and wages came to $607k. At year end it held assets of $1.9m against liabilities of $782k, net assets of $1.1m. It reported 45 employees.