Discovery Park of America Inc

Analysis

Discovery Park of America Inc is a registered charity in United States, based in Union City, TN. It received its IRS tax-exemption ruling in May 2009, 17 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 December 2023, Discovery Park of America Inc reported income of $12.3m and spending of $8.1m, leaving 35% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $5.8m to $12.3m (+114%), an average of +21% a year. The sharpest change came in the year to December 2021, when income rose by 93%. Over the whole period it spent 72% 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 Park of America Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within TN. Charities of a similar size with the same main cause include Childrens Theater Company and School ($12.3m), Walt Disney Family Museum ($12.5m) and The Florida Theatre Performing Arts ($12.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 76% and program service revenue 18% of the total. Other salaries and wages came to $2.8m. At year end it held assets of $87.0m against liabilities of $63.3m, net assets of $23.7m. It reported 205 employees.