Discovery Charter School

Analysis

Discovery Charter School is a registered charity in United States, based in San Jose, CA. It received its IRS tax-exemption ruling in August 2007, 19 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 $15.1m and spending of $14.0m, spending 93% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $12.7m to $15.1m (+19%), an average of +4.5% a year. The sharpest change came in the year to June 2021, when income rose by 16%. Over the whole period it spent 92% 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 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 97th percentile within CA. Charities of a similar size with the same main cause include Pine School Inc ($15.1m), Vermont Academy ($15.1m) and Rochester Academy Charter School ($15.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 96% and program service revenue 5.0% of the total. Compensation of current officers, directors and key employees was $174k (1.2% of expenses). Other salaries and wages came to $7.1m. At year end it held assets of $11.9m against liabilities of $4.3m, net assets of $7.6m. It reported 176 employees.