Discovery Charter School

Analysis

Discovery Charter School is a registered charity in United States, based in Inver Grove Heights, MN. It received its IRS tax-exemption ruling in September 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 Charter School reported income of $2.9m and spending of $2.9m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.5m to $2.9m (+15%), an average of +3.7% a year. The sharpest change came in the year to June 2020, when income rose by 18%. Over the whole period it spent 102% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Discovery Charter School sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 88th percentile within MN. Charities of a similar size with the same main cause include Yeshivat or Hachaim of Lakewood Inc ($2.9m), Blount County Education Foundation Inc ($2.9m) and Alma Fuerte Public School ($2.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $1.3m. At year end it held assets of $3.2m against liabilities of $4.0m, net assets of -$775k. It reported 41 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.