Discovery Academy

Analysis

Discovery Academy is a registered charity in United States, based in Toledo, OH. It received its IRS tax-exemption ruling in December 2014, 12 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 Academy reported income of $6.9m and spending of $6.0m, spending 87% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $4.1m to $6.9m (+69%), an average of +14% a year. The sharpest change came in the year to June 2020, when income rose by 26%. Over the whole period it spent 94% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Discovery Academy sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 94th percentile within OH. Charities of a similar size with the same main cause include Duke Global Inc ($6.9m), Woods Charter School Company ($6.9m) and Valley Achievement Center ($6.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% of the total. At year end it held assets of $5.8m against liabilities of $5.7m, net assets of $161k.