Center for Discovery Endowment Fund Inc

Analysis

Center for Discovery Endowment Fund Inc is a registered charity in United States, based in Harris, NY. It received its IRS tax-exemption ruling in April 2008, 18 years ago. Its declared purposes cover mental health and crisis intervention, which this site groups under health and saving lives. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Center for Discovery Endowment Fund Inc reported income of $1.6m and spending of $920k, leaving 41% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.1m to $1.6m (+35%), an average of +7.8% a year. The sharpest change came in the year to December 2020, when income rose by 492%. Over the whole period it spent 20% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Center for Discovery Endowment Fund Inc sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 80th percentile within NY. Charities of a similar size with the same main cause include Bridge the Gap Inc ($1.6m), 211 Maine Inc ($1.6m) and Blessman International Inc ($1.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 39% of the total. At year end it held assets of $45.7m against liabilities of $13.2m, net assets of $32.6m.