The Discovery School of Jacksonville Inc

Analysis

The Discovery School of Jacksonville Inc is a registered charity in United States, based in Jax BCH, FL. It received its IRS tax-exemption ruling in August 1991, 35 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, The Discovery School of Jacksonville Inc reported income of $6.4m and spending of $5.4m, spending 86% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $5.2m to $6.4m (+21%), an average of +4.9% a year. The sharpest change came in the year to June 2020, when income dropped by 29%. Over the whole period it spent 84% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, The Discovery School of Jacksonville Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within FL. Charities of a similar size with the same main cause include Colorado State University-Pueblo Foundation ($6.4m), Theresa Hessling Charter School Project ($6.4m) and Science History Institute Support Company ($6.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 13% and program service revenue 87% of the total. Compensation of current officers, directors and key employees was $179k (3.3% of expenses). Other salaries and wages came to $3.1m. It paid $61k in professional fundraising fees. At year end it held assets of $10.2m against liabilities of $4.1m, net assets of $6.1m. It reported 83 employees.