Project Discovery Inc

Analysis

Project Discovery Inc is a registered charity in United States, based in Roanoke, VA. It received its IRS tax-exemption ruling in August 1986, 40 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2023, Project Discovery Inc reported income of $1.2m and spending of $1.5m, spending 121% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.2m to $1.2m (-2.1%), an average of -0.5% a year. Over the whole period it spent 106% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Project Discovery Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 82nd percentile within VA. Charities of a similar size with the same main cause include South Carolina Independent School Association Incorporated ($1.2m), Homestead Christian Academy Inc ($1.2m) and Kingdom Vision Legacy Fund ($1.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $79k (5.4% of expenses). Other salaries and wages came to $194k. At year end it held assets of $241k against liabilities of $249k, net assets of -$8,796. It reported 5 employees.