Discovery Place Corporation

Analysis

Discovery Place Corporation is a registered charity in United States, based in Salt Lake Cty, UT. It received its IRS tax-exemption ruling in June 2008, 18 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 June 2023, Discovery Place Corporation reported income of $203k and spending of $279k, spending 137% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $175k to $203k (+16%), an average of +3.8% a year. Over the whole period it spent 134% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Discovery Place Corporation sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 52nd percentile within UT. Charities of a similar size with the same main cause include Presbyterian Home Quitman Retirement Inc ($203k), Kennebunkport Heritage Housing Trust ($204k) and Special Force Ministries ($203k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $2.3m against liabilities of $3.3m, net assets of -$991k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.