Discovery Living Inc

Analysis

Discovery Living Inc is a registered charity in United States, based in Cedar Rapids, IA. It received its IRS tax-exemption ruling in February 1978, 48 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 Living Inc reported income of $15.8m and spending of $15.4m, spending 97% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $11.3m to $15.8m (+40%), an average of +8.7% a year. Over the whole period it spent 95% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Discovery Living Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 97th percentile within IA. Charities of a similar size with the same main cause include Christian Childrens Home of Ohio ($15.8m), Aldea Inc ($15.8m) and Thorn ($15.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 8.0% and program service revenue 91% of the total. Compensation of current officers, directors and key employees was $298k (1.9% of expenses). Other salaries and wages came to $10.2m. At year end it held assets of $12.5m against liabilities of $4.4m, net assets of $8.1m. It reported 274 employees.