Discovery

Analysis

Discovery is a registered charity in United States, based in O Fallon, IL. It received its IRS tax-exemption ruling in March 1980, 46 years ago. 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 2024, Discovery reported income of $708k and spending of $674k, spending 95% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $416k to $708k (+70%), an average of +14% a year. The sharpest change came in the year to June 2021, when income rose by 82%. Over the whole period it spent 88% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Discovery sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 75th percentile within IL. Charities of a similar size with the same main cause include The Wyoming Amateur Wrestling Association ($708k), Childrens Council ($708k) and Kraddick Foundation ($708k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 52% and program service revenue 47% of the total. Compensation of current officers, directors and key employees was $51k (7.6% of expenses). Other salaries and wages came to $370k. At year end it held assets of $781k against liabilities of $159k, net assets of $621k. It reported 31 employees.