Discovery Center

Analysis

Discovery Center is a registered charity in United States, based in Kalamazoo, MI. It received its IRS tax-exemption ruling in October 1979, 47 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 Center reported income of $759k and spending of $808k, spending 106% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $553k to $759k (+37%), an average of +11% a year. The sharpest change came in the year to June 2021, when income rose by 25%. Over the whole period it spent 100% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Discovery Center 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 76th percentile, and in the 76th percentile within MI. Charities of a similar size with the same main cause include Yeshivas Ohr Yissochor Academy Inc ($759k), Holy Cross Christian Academy Inc ($759k) and Hug Me Tight Childlife Centers ($759k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 10% and program service revenue 90% of the total. Compensation of current officers, directors and key employees was $187k (23% of expenses). Other salaries and wages came to $393k. At year end it held assets of $115k against liabilities of $7,402, net assets of $107k. It reported 42 employees.