Discovery Health Sciences Foundation Inc

Analysis

Discovery Health Sciences Foundation Inc is a registered charity in United States, based in Kenner, LA. It received its IRS tax-exemption ruling in November 2012, 14 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 Health Sciences Foundation Inc reported income of $47.4m and spending of $41.1m, spending 87% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $16.3m to $47.4m (+191%), an average of +31% a year. The sharpest change came in the year to June 2020, when income rose by 37%. Over the whole period it spent 88% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Discovery Health Sciences Foundation Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within LA. Charities of a similar size with the same main cause include Carnegie Library of Pittsburgh ($47.3m), Trevor Day School ($47.4m) and California Western School of Law ($47.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% and program service revenue 2.9% of the total. Compensation of current officers, directors and key employees was $467k (1.1% of expenses). Other salaries and wages came to $19.7m. At year end it held assets of $28.9m against liabilities of $8.3m, net assets of $20.6m. It reported 520 employees.