Discovery Preschool & Childcare Inc

Analysis

Discovery Preschool & Childcare Inc is a registered charity in United States, based in Orange Park, FL. It received its IRS tax-exemption ruling in January 2016, 10 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 December 2023, Discovery Preschool & Childcare Inc reported income of $562k and spending of $508k, spending 90% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $305k to $562k (+84%), an average of +16% a year. The sharpest change came in the year to December 2022, when income rose by 59%. Over the whole period it spent 86% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Discovery Preschool & Childcare Inc sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 74th percentile within FL. Charities of a similar size with the same main cause include Peggy Browning Fund ($562k), Cannon Beach Academy ($562k) and Fathers Harbor Academy Inc ($562k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 7.2% and program service revenue 93% of the total. Other salaries and wages came to $324k. At year end it held assets of $564k against liabilities of $267k, net assets of $297k. It reported 30 employees.