Discovery Multiple Intelligences Preschool

Analysis

Discovery Multiple Intelligences Preschool is a registered charity in United States, based in Scranton, PA. It received its IRS tax-exemption ruling in March 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 Multiple Intelligences Preschool reported income of $886k and spending of $939k, spending 106% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $594k to $886k (+49%), an average of +10% a year. The sharpest change came in the year to June 2023, when income rose by 53%. Over the whole period it spent 92% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Discovery Multiple Intelligences Preschool sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 76th percentile within PA. Charities of a similar size with the same main cause include New Albany Floyd County Education Foundation Inc ($886k), Consumer Choice Education ($887k) and Brighton School Inc ($886k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 20% and program service revenue 80% of the total. Other salaries and wages came to $522k. At year end it held assets of $766k against liabilities of $556k, net assets of $209k. It reported 18 employees.