Discoveru

Analysis

Discoveru is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in July 2008, 18 years ago. Its declared purposes cover education, which this site groups under education and training. 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 July 2023, Discoveru reported income of $3.2m and spending of $3.2m, spending 99% of its income. Across the 5 years on record, from July 2019 to July 2023, income grew from $984k to $3.2m (+229%), an average of +35% a year. The sharpest change came in the year to July 2021, when income rose by 55%. Over the whole period it spent 88% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Discoveru sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 92nd percentile within TX. Charities of a similar size with the same main cause include Jewish Day School of Allentown ($3.2m), Circles of Success Learning Academy ($3.2m) and Children and Nature Network ($3.2m).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 15% and program service revenue 85% of the total. Compensation of current officers, directors and key employees was $126k (3.9% of expenses). Other salaries and wages came to $766k. At year end it held assets of $1.5m against liabilities of $287k, net assets of $1.2m. It reported 22 employees.