Discovery Center of Springfield Inc

Analysis

Discovery Center of Springfield Inc is a registered charity in United States, based in Springfield, MO. It received its IRS tax-exemption ruling in June 2023, 3 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending July 2023, Discovery Center of Springfield Inc reported income of $2.6m and spending of $2.6m, spending 97% of its income. Across the 4 years on record, from July 2020 to July 2023, income grew from $1.1m to $2.6m (+142%), an average of +34% a year. The sharpest change came in the year to July 2021, when income rose by 61%. Over the whole period it spent 100% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Discovery Center of Springfield Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 86th percentile within MO. Charities of a similar size with the same main cause include Society for American Archaeology ($2.6m), Coffee Quality Institute ($2.6m) and The Music School of Delaware Inc ($2.6m).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 55% and program service revenue 41% of the total. Compensation of current officers, directors and key employees was $115k (4.5% of expenses). Other salaries and wages came to $1.4m. At year end it held assets of $5.6m against liabilities of $2.1m, net assets of $3.5m. It reported 98 employees.