Discovery Academy of Lake Alfred Inc

Analysis

Discovery Academy of Lake Alfred Inc is a registered charity in United States, based in Lake Alfred, FL. It received its IRS tax-exemption ruling in February 2002, 24 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 Academy of Lake Alfred Inc reported income of $11.4m and spending of $12.6m, spending 110% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $9.8m to $11.4m (+16%), an average of +3.9% a year. The sharpest change came in the year to June 2021, when income rose by 25%. Over the whole period it spent 105% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Discovery Academy of Lake Alfred Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within FL. Charities of a similar size with the same main cause include Auxiliary Services Foundation ($11.4m), Math Engineering and Science Academy Charter High School ($11.4m) and University of Wisconsin Stevens Point Foundation Inc ($11.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 24% and program service revenue 62% of the total. Other salaries and wages came to $4.8m. At year end it held assets of $33.1m against liabilities of $35.3m, net assets of -$2.2m. It reported 224 employees.