Nevada Discovery Museum

Analysis

Nevada Discovery Museum is a registered charity in United States, based in Reno, NV. It received its IRS tax-exemption ruling in December 2004, 22 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Nevada Discovery Museum reported income of $3.2m and spending of $4.1m, spending 128% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.5m to $3.2m (+26%), an average of +6.0% a year. The sharpest change came in the year to December 2022, when income rose by 48%. Over the whole period it spent 116% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Nevada Discovery Museum sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 91st percentile within NV. Charities of a similar size with the same main cause include Habitat for Humanity International Inc ($3.2m), Starting Right Now Inc ($3.2m) and McNeilly Center for Children Inc ($3.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 36% and program service revenue 59% of the total. Compensation of current officers, directors and key employees was $217k (5.3% of expenses). Other salaries and wages came to $1.6m. At year end it held assets of $12.7m against liabilities of $965k, net assets of $11.7m. It reported 106 employees.