Discovery World Ltd

Analysis

Discovery World Ltd is a registered charity in United States, based in Milwaukee, WI. It received its IRS tax-exemption ruling in September 1991, 35 years ago. Its declared purposes cover education, which this site groups under education and training. 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 December 2023, Discovery World Ltd reported income of $7.5m and spending of $8.6m, spending 115% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $8.8m to $7.5m (-15%), an average of -3.9% a year. The sharpest change came in the year to December 2021, when income rose by 44%. Over the whole period it spent 116% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Discovery World Ltd sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 94th percentile within WI. Charities of a similar size with the same main cause include Project Success-Students Undertaking Creative Control ($7.5m), Interactive Academy Inc ($7.5m) and Hillel Academy of Pittsburgh ($7.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 43% and program service revenue 56% of the total. Compensation of current officers, directors and key employees was $673k (7.8% of expenses). Other salaries and wages came to $2.9m. At year end it held assets of $50.4m against liabilities of $2.4m, net assets of $48.0m. It reported 166 employees.