Museum of Discovery and Science Inc

Analysis

Museum of Discovery and Science Inc is a registered charity in United States, based in Ft Lauderdale, FL. It received its IRS tax-exemption ruling in March 1979, 47 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 September 2023, Museum of Discovery and Science Inc reported income of $12.5m and spending of $12.1m, spending 97% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $7.8m to $12.5m (+60%), an average of +12% a year. The sharpest change came in the year to September 2021, when income rose by 80%. 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, Museum of Discovery and Science Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within FL. Charities of a similar size with the same main cause include Flint Cultural Center Foundation ($12.5m), Historic Arnolds Park Inc ($12.5m) and Flint Institute of Music ($12.5m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 46% and program service revenue 43% of the total. Compensation of current officers, directors and key employees was $494k (4.1% of expenses). Other salaries and wages came to $4.2m. At year end it held assets of $34.4m against liabilities of $3.8m, net assets of $30.7m. It reported 277 employees.