Discovery Charter School

Analysis

Discovery Charter School is a registered charity in United States, based in Rochester, NY. It received its IRS tax-exemption ruling in March 2012, 14 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Discovery Charter School reported income of $6.0m and spending of $5.4m, spending 91% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $4.9m to $6.0m (+24%), an average of +5.5% a year. Over the whole period it spent 98% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Discovery Charter School sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 91st percentile within NY. Charities of a similar size with the same main cause include Friends of School in the Square Inc ($6.0m), Island Foundation Inc ($6.0m) and The Boys & Girls Club of Burbank and Greater East Valley Inc ($6.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 33% and program service revenue 67% of the total. Compensation of current officers, directors and key employees was $159k (2.9% of expenses). Other salaries and wages came to $3.0m. At year end it held assets of $1.9m against liabilities of $918k, net assets of $994k. It reported 86 employees.