Discovery Station at Hagerstown Inc

Analysis

Discovery Station at Hagerstown Inc is a registered charity in United States, based in Hagerstown, MD. It received its IRS tax-exemption ruling in March 1997, 29 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Discovery Station at Hagerstown Inc reported income of $300k and spending of $344k, spending 115% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $307k to $300k (-2.4%), an average of -0.6% a year. The sharpest change came in the year to December 2020, when income rose by 22%. Over the whole period it spent 100% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Discovery Station at Hagerstown Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 61st percentile within MD. Charities of a similar size with the same main cause include Christian Media Incorporated ($300k), Colorado Artists in Recovery ($300k) and Serralves US Circle Inc ($300k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 72% and program service revenue 28% of the total. Other salaries and wages came to $109k. At year end it held assets of $778k against liabilities of $736k, net assets of $42k. It reported 3 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.