Discovery Charter School Group

Analysis

Discovery Charter School Group is a registered charity in United States, based in Bahama, NC. It received its IRS tax-exemption ruling in October 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 June 2023, Discovery Charter School Group reported income of $7.4m and spending of $4.9m, leaving 34% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $1.2m to $7.4m (+517%), an average of +83% a year. The sharpest change came in the year to June 2023, when income rose by 108%. Over the whole period it spent 75% 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 Group sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 95th percentile within NC. Charities of a similar size with the same main cause include Iftin Charter School ($7.4m), Monterey Bay Charter School ($7.4m) and Nova Charter School ($7.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 39% and program service revenue 61% of the total. Other salaries and wages came to $1.8m. At year end it held assets of $6.2m against liabilities of $2.9m, net assets of $3.3m. It reported 55 employees.